Syrma SGS Q3 profit soars 161%, stock hits upper circuit 

Shares of electronic manufacturing services firm Syrma SGS Technology surged 20 per cent to ₹505.10 on the NSE today after reporting strong quarterly results. The stock hit its upper circuit during morning trade following a 161 per cent year-on-year jump in Q3 net profit to ₹53 crore.

The company’s Q3FY25 revenue grew 24 per cent to ₹891.5 crore, while EBITDA nearly doubled to ₹101.3 crore, with margins expanding to 11.4 per cent. Operating EBITDA margin improved to 9.1 per cent from 5.9 per cent a year ago.

The industrial and automotive segments drove growth, with revenues rising 37 per cent and 38 per cent respectively year-on-year. Export revenue contributed 23 per cent of total operating revenue during the quarter.

For the nine months ended December 2023, Syrma SGS reported a 41 per cent increase in revenue to ₹2,861.8 crore and a 43 per cent rise in net profit to ₹113 crore compared to the same period last year.

The company’s debt-to-equity ratio stood at 0.4 as of December 31, 2024, while return on capital employed (ROCE) improved to 12.4 per cent when adjusted for IPO proceeds and goodwill.