Syrma SGS Q2 FY27 slides show record results amid margin pressure

Syrma SGS Technology Limited released its Q2 FY27 and H1 FY27 earnings results on November 2, 2026. The company highlighted record revenue, EBITDA, profit before tax, and profit after tax figures. However, the stock price fell 4.09% to $1,558.9 after the announcement due to investor worries about margin pressure and supply chain issues.

Q2 FY27 revenue grew by 73% year-over-year to ₹19,995 million, while net profit increased by 87% to ₹1,242 million. For H1 FY27, revenue rose 71% to ₹36,032 million. The company noted strong demand across its various segments. Export revenue grew by 91% to ₹5,138 million, representing 26% of operating revenue. Operating EBITDA reached ₹1,933 million, a 68% year-over-year increase, but the margin dropped slightly to 9.7%.

Total EBITDA was ₹2,031 million with a 10.2% margin. Profit before tax grew by 85% to ₹1,652 million at an 8.3% margin, while profit after tax saw the strongest growth at 87% year-over-year, reaching ₹1,242 million with a 6.2% margin.