Syrma SGS Technology Limited has released the transcript of its earnings conference call for the quarter and nine months ended December 31, 2025. The call, held on January 30, 2026, featured the company's management team, including MD J.S. Gujral, Director Jayesh Doshi, CEO Satendra Singh, and CFO Bijay Agrawal, alongside representatives from Axis Capital Limited. During the call, the management highlighted a robust performance across all parameters. For Q3 FY26, sales increased by 45% year-on-year, with EBITDA showing a significant growth of 101%, rising from ₹79 crores to ₹159 crores. Profit Before Tax (PBT) and Profit After Tax (PAT) also saw substantial increases of approximately 108%. A notable aspect was the 66% growth in exports, from ₹202 crores to ₹335 crores. For the nine-month period ending December 31, 2025, revenue reached approximately ₹3,350 crores with operating EBITDA of ₹370 crores. The company reported strong growth across all verticals: auto (30%), med-tech (31%), industrial (29%), and IT/railways (70%). The management expressed confidence in achieving guided figures and potentially exceeding them on the margin front, aiming for ₹500 crores plus EBITDA, a 55-57% growth against a targeted 30% growth. The company is also progressing with its new PCB project, with construction expected to be completed by June-July 2026, and trial production targeted for December 2026 to March 2027. The acquisition of Elcome has been completed, and it is expected to contribute to the defense vertical's revenue and profitability. Syrma SGS also achieved a gold rating from EcoVadis for ESG compliance, placing them among the top 5% of companies globally, a significant improvement from their previous bronze rating. The management anticipates continued healthy growth rates across all verticals in the coming year, with an expected 30% growth rate in FY27.
