Syrma SGS shares near 52-week high after Defence, Maritime foray, Q2 results

Shares of Syrma SGS Technology Ltd. gained as much as 6% on Monday, November 11. The stock is hovering close to its 52-week high of ₹875, which it had touched on September 8, 2025.In the September quarter, Syrma SGS reported a 77% year-on-year rise in net profit to ₹64 crore, compared to ₹36.2 crore a year ago.

Revenue grew 37.6% to ₹1,145.8 crore from ₹832.7 crore, while EBITDA surged 62.3% to ₹115.1 crore from ₹70.9 crore. EBITDA margin improved to 10.05% from 8.51% in the same period last year.The revenue growth was driven primarily by the IT and railways segment, which rose 73% year-on-year, followed by a 24% increase in another segment, while the consumer segment declined 23%.

The company also announced plans to acquire a 60% stake in defence and maritime electronics firm Elcome Integrated Systems for ₹235 crore.

The remaining 40% stake will be acquired in multiple tranches over the next three years.

Commenting on the acquisition, JS Gujral, Managing Director, Syrma SGS, said, “Elcome’s extensive engineering and field service experience, combined with our industrial scale and supply chain, creates an ideal base to pursue larger integrated defence programs. Our focus will be on strengthening governance, operational systems and execution capabilities, while accelerating the introduction of new indigenous technologies and solutions.”