Syrma SGS Technology Limited — Q2FY27 earnings call summary

Filed 06 November 2026 · Official transcript

PCB project capex INR800-900 Cr by FY28 end; revenue expected INR200-300 Cr in FY28, INR900-1,000 Cr in FY29 with 15-18% EBITDA margin
Order book INR7,420 Cr with 30% auto, 25% consumer and industrial each; new customers onboarded 18 in H1 FY27
Supply chain constraints expected to ease by Q1 FY28; demand remains strong
Capex FY27 includes INR200 Cr on PCB, INR30-50 Cr on camera modules and JVs
Multiple analyst queries on ODM expansion, PCB ramp-up, supply chain impact, export growth, and capex plans
EBITDA Q2 INR193 Cr (+68% y-y), H1 INR355 Cr (+68% y-y); margin ~9.9% H1 FY27
Margin outlook FY27 at 10-10.5%, improving to 10.5-11%+ in FY28 with margin-accretive projects
Q2 FY27 consolidated revenue approx INR2,000 Cr, +73% y-y; H1 revenue INR3,603 Cr, +71% y-y