Syrma SGS Technologies Q2: Net profit nearly doubles, revenue up 37.6%

Mumbai-based electronics components maker Syrma SGS Technologies on Monday, November 10, reported a whopping 76.8% year-on-year growth in net profit to ₹64 crore for the second quarter that ended September 30, 2025. Net profit for the same quarter last year stood at ₹36.2 crore.

It reported ₹1,145.8 crore in revenue from operations, up 37.6% on a year-on-year basis from ₹832.7 crore in the same quarter last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 62.3% from last year to ₹115.10 crore, while EBITDA margin improved by 154 basis points to 10.05% from 8.51% a year earlier.

In September, the company entered into a joint venture with Italy’s Elemaster to manufacture cost-efficient, high-quality products for railway, industrial, and medical clients.

The joint venture will set up a facility in Bengaluru with an initial investment of ₹55 crore, and is expected to generate around ₹200 crore in revenue by FY27.

Shares of Syrma SGS Technologies closed ₹810.90 apiece on the NSE, up by 1.43% from the day’s opening.