Syrma SGS Technology Ltd (SYRMA) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 24, 2026 4 min read

Syrma SGS Technology enters Q1 FY2027 following a leadership transition and a year of significant portfolio expansion into defense and PCB manufacturing. Investors will be focused on whether the company can maintain its growth momentum and margin stability amidst global trade volatility and the ongoing scaling of its new strategic ventures.

Quick Details

Results date	July 29, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 1,476.8 Cr
Previous quarter PAT	Rs. 119.2 Cr
Previous quarter EBITDA margin	11.9%
Market cap	Rs. 24,863.07 Cr
CMP	Rs. 1,288.3

Syrma SGS Technology Ltd Q1 Results Date and Time

The company announced a board meeting on July 29, 2026 to approve unaudited standalone and consolidated financial results for the quarter ending June 30, 2026, and to recommend enabling fundraising via QIP.

The company scheduled an earnings call for July 30, 2026 at 10:30 AM IST to discuss the unaudited results for the quarter ended June 30, 2026.

What to expect from Syrma SGS Technology Ltd's Q1 FY27 results

Syrma's revenue trajectory for Q1 remains a key focal point as the company tracks toward its 35% annual growth guidance for FY2027. While Q4 FY2026 revenue of Rs. 1,476.8 Cr established a strong monthly run-rate of approximately Rs. 500 Cr, seasonal patterns often influence Q1 performance. Operating EBITDA margins are expected to land near the lower end of the guided 10.5-11% range, reflecting management's caution regarding global trade volatility and metal price fluctuations. The company's diverse order book of Rs. 6,600 Cr, which includes 30-32% consumer and 25% automotive exposure, provides a buffer against segment-specific lumpiness. Furthermore, the first earnings call under new CEO Jaidit Singh Brar will be closely monitored for any shifts in strategic priorities or capital allocation philosophy. The board's consideration of QIP enablement also signals a proactive approach to funding the ongoing PCB and organic capex requirements.

Key Things To Watch

Performance vs Guidance Tracking: Monitoring progress against FY2027 targets established by management.

Revenue growth 35% — FY27 target — Pending
Op. EBITDA margin 10.5-11% — FY27 target — Pending
Total EBITDA Rs. 700 Cr — FY27 target — Pending
PCB Phase 1 capex Rs. 250 Cr — FY27 target — Pending

Strategic Execution and Capex: Tracking the progress of major infrastructure and acquisition projects.

PCB JV Naidupeta facility construction status targeting March 2027 commercial operations
Elcome Integrated Systems defense order pipeline and Q1 revenue contribution
Kaga Electronics JV ramp-up plans and target client onboarding

Risks and Headwinds: Monitoring external factors impacting operational performance.

Impact of US trade tariff rates on export strategy and margin realization
Working capital efficiency trajectory following the integration of defense and smart metering businesses
Volatility in the IT and Railways segment order book

Frequently Asked Questions

What was Syrma's revenue in its previous quarter?

Syrma reported revenue of Rs. 1,476.8 Cr in Q4 FY2026, representing a 15.9% increase over the previous quarter. This performance was supported by a strong order book and scaling across key verticals.

What is the status of the PCB manufacturing joint venture?

The PCB joint venture with Shinhyup Electronics is currently in the Phase 1 construction stage at Naidupeta, Andhra Pradesh. The company expects to spend Rs. 250 Cr in FY2027 toward this project, with commercial operations targeted for March 2027.

How does management view the defense business acquisition?

The acquisition of a 60% stake in Elcome Integrated Systems marks Syrma's entry into the defense electronics space. Management expects this segment to maintain a historical CAGR of 20%+ and deliver sustainable margins of 20-24%.

Is Syrma on track with its FY2027 revenue growth guidance?

Syrma has set a 35% revenue growth target for FY2027, supported by a monthly run-rate of approximately Rs. 500 Cr and a robust order book. The upcoming Q1 results will serve as the first check against this annual growth trajectory.