New Delhi, Jul 29 (PTI) Electronics manufacturing services company Syrma SGS Technology reported a more than twofold jump in its consolidated profit after tax to Rs 105.69 crore in the first quarter ended June 30, driven by exports, original design business and operational efficiencies, a senior company official said on Wednesday.
The company had posted profit after tax of Rs 49.9 crore a year ago.
The revenue from operations of Syrma SGS grew by about 67 per cent to Rs 1,603.7 crore during the quarter from Rs 960 crore in the year-ago period.
Syrma SGS Technology Managing Director Jasbir Singh Gujral said the performance of the reported quarter is linked to operational efficiencies and interest cost reduction, better working capital management,
growth in exports and original design manufacturing business.
“What is satisfying to me in this quarter is that my exports have grown by 61 per cent over the first quarter of last year despite all the geopolitical turbulence which is taking place.
“I have always been saying that long-term sustenance of EMS business companies will be one which is able to integrate into the global supply chain,” he added.
Gujral said export growth reflects years of reputation spread over several years.
“We have onboarded some phenomenally good customers now. The result of which will be visible in 2027-28. We have onboarded some customers who are investing in a line.
“Now, if a customer is willing to put in money, then the stickiness becomes even better. The second factor on the revenue part is that my ODM sales have almost doubled. In the first quarter of FY26, my ODM sales were Rs 125 crore, and they are now at Rs 269 crore,” he noted.
Gujral said that the company is also dedicating specific lines and capacities to a big multinational company in the Bengaluru facility.
“We have put up a new facility in Bengaluru for manufacturing power management systems and cooling systems, which are used in data networks and AI data centres. These initiatives have been taken by the company over the last 12 to 18 months. Whatever you are seeing today is the result of an initiative we took in 2024-25,” he said.
He said that the company is confident of meeting its growth projection of 30-35 per cent. PTI PRS PRS BAL BAL
