Syrma SGS shares trade lower after hitting record high; check Q4 & FY26 numbers

However, the stock slipped into the red later, and when last seen, shares were trading nearly 4% lower at ₹1,069.70 on the NSE.

The electronics manufacturing services firm posted a consolidated profit of around ₹119 crore for the fourth quarter ended on March 31, 2026 (Q4 FY26), on higher revenue and consolidation of high-margin segments, according to a company filing.

The company had posted a loss of ₹71.45 crore in the same period a year ago.

The consolidated revenue from operations of Syrma SGS grew by about 58.48% to ₹1,465 crore during the reported quarter from ₹924.36 crore in the March quarter of FY25.

FY26 financials

“FY26 was a strong year of execution for Syrma SGS. We delivered 27% revenue growth to Rs 4,819 crore, with operating EBITDA expanding significantly to Rs 545 crore, ahead of what we had indicated at the start of the year. Importantly, this growth was delivered with positive operating cash flow and a meaningful reduction in net working capital days, reflecting stronger execution and capital discipline,” Syrma SGS Technology managing director Jasbir Singh Gujral said.

For the year ended March 31, 2026, Syrma SGS posted an 87% jump in consolidated net profit to around ₹346 crore compared to profit of ₹184.4 crore in fiscal year (FY) 2025.

“My exports have jumped by 41% and have crossed the ₹1,200 crore mark against a target of ₹1,100 crore. This has come despite the uncertainty between July, August, and about December for the US tariffs, and the moment there was some clarity on the tariffs, the Middle East crisis came,” Gujral said.

The MD said that FY’26 also marked important progress in the company’s strategic agenda.

“We strengthened our presence in higher-quality verticals such as automotive, industrial, healthcare, and defence, while exports grew 41 per cent and crossed ₹1,200 crore, reflecting growing global confidence in our capabilities,” Gujral said.

The automotive segment accounted for about 24% of total revenue versus 22% last year. “I have done about ₹1,139 crore in automotive this year. My healthcare accounts for about 8%, and I have done about ₹395 crore. My industrial electronics account for 29% this year versus 28% last year. I have done about ₹1,398 crore. My consumer business has done ₹1,453 crore, which is about 30% of the revenue,” Gujral said.

The company had set a strategy to bring down the share of consumer electronics, as it is a low-margin business, and focused on high-margin segments.

Consumer electronics had contributed 36% to Syrma SGS’s overall revenue in FY '25. “We are on track to sort of further consolidate our footprint into the high-margin businesses,” he said.

Other key details

Gujral said with the consolidation of Elcome in defence, the Elemaster JV in high-reliability industrial and railways electronics, and the company’s foray into the component ecosystem through the PCB project, Syrma SGS is building new growth verticals that make it a broader and more resilient electronics manufacturing platform for FY '27 and beyond.

Gujral said that the growth is expected to continue in the coming years.

Currently, the industry as such, the global environment, is slightly shaken because of the Middle East crisis. The base metal prices have all gone up. There is pressure on the material cost. It will be a while before it settles down and everyone is sort of facing those challenges," Gujral said.

Syrma SGS share price trend

Data show that the stock has jumped 30.56% in 1 month, 24.77% in six months, and over 55% so far in 2026 (year-to-date).

About Syrma SGS Technology

Syrma SGS Technology is an electronics manufacturing services (EMS) company that provides customised end-to-end electronic solutions across industries. The company operates in areas such as product engineering, precision manufacturing, and integrated electronic systems.

Originally incorporated as Syrma Technology Private Limited in August 2004, the company was converted into a public limited entity in October 2021 and renamed Syrma SGS Technology Limited. It was listed on the Indian stock exchanges in 2022.

The company is headquartered in Mumbai and has manufacturing facilities across Tamil Nadu, Karnataka, and Haryana. Syrma SGS operates 12 facilities, including three research and development centres, with a combined plant area of over 8.25 lakh square feet.

The company focuses on technology-led manufacturing and serves both domestic and international markets through its electronics design and manufacturing capabilities.