This small-cap electronic manufacturer hit 20% upper circuit after reporting a 165% YoY rise in Q3 net profit

Shares of the company opened higher and rallied as much as 20% to hit an intraday high of ₹505.1 per share on the NSE.

The stock rallied after the company reported a 165% YoY jump in consolidated profit after tax to ₹53 crore for the October-December quarter of 2024-25, compared to ₹20.3 crore in the same period last year.

The company’s total revenue rose by 22.9% to ₹869 crore in the December quarter compared to ₹707 crore for the corresponding period ended December 31, 2023, primarily driven by auto and industrial segments.

The company’s consolidated EBITDA rose by 96% YoY to ₹101.3 crore compared to ₹51.6 crore for the corresponding period of the previous year.

The company in a release stated that EMS continues to witness strong traction across industry verticals.

“The company remains confident and aspires to grow in line with industry growth rates,” it stated.

For the nine-month period ended December 2024, the company reported a consolidated total revenue of ₹2,897.3 crore, up 40% compared to ₹2,063.1 crore for the corresponding period a year ago. The consolidated EBITDA increased 43% YoY to ₹243 crore during the nine months under review as against ₹170 crore for the corresponding period in the preceding fiscal. The net profit stood at ₹113 crore, up 43% YoY compared to ₹79.1 crore during the same period in FY24.

The electronics systems design and manufacturing company earlier this month announced its collaboration with MSI as its manufacturing partner in India to produce laptops for the Indian market. MSI is a global leader in AI PCs, gaming, content creation, and AIoT solutions. Syrma SGS will assemble laptops for MSI at its Chennai facility.

Syrma SGS is a leading Indian Electronic Systems Design and Manufacturing company. It serves more than 270 customers across 20-plus countries. It has a pan-India manufacturing footprint with facilities in Chennai, Bengaluru, Manesar, Gurgaon, Pune, Noida, Jodhpur, and Baddi, along with R&D centres in Chennai, Pune, Bengaluru, and Stuttgart, Germany.