Syrma SGS Technology Limited, one of India’s leading Electronics System Design and Manufacturing (ESDM) companies, has reported a strong financial performance for the first quarter ended June 30, 2026, driven by robust demand across automotive, consumer electronics and export markets. The company recorded revenue of ₹1,604 crore, marking a 67% year-on-year increase, while continuing to strengthen its position in India’s fast-growing electronics manufacturing sector.
The company reported operating EBITDA of ₹162 crore, up 68% compared to the corresponding quarter last year. Profit After Tax (PAT) more than doubled to ₹106 crore, reflecting improved operational efficiency, higher business volumes and a favourable product mix.
The strong quarterly performance was supported by the successful ramp-up of new customer programmes secured during FY26. Growth in automotive electronics, consumer products and exports continued to contribute significantly to the company’s expanding business portfolio.
Commenting on the results, Jasbir Singh Gujral, Managing Director of Syrma SGS Technology Limited, said the company has started FY27 on a strong footing with healthy growth across key business segments. He noted that rising demand from automotive and consumer electronics customers, along with expanding export business, has strengthened the company’s financial performance.
He added that Syrma SGS remains committed to achieving its growth objectives for FY27 by expanding its industrial and export business, strengthening its presence in medical technology and maritime electronics, and progressing its printed circuit board (PCB) manufacturing project. These initiatives are expected to enhance the company’s manufacturing ecosystem and support long-term sustainable growth.
During the quarter, Syrma SGS also announced a strategic joint venture with KAGA Electronics Co, Ltd to strengthen electronics manufacturing capabilities in India. The partnership aims to provide enhanced support to Japanese original equipment manufacturers (OEMs) while expanding the company’s presence across high-growth industrial and technology sectors.
The company also strengthened its leadership team with the appointment of Jaidit Singh Brar as Chief Executive Officer, effective June 26, 2026. Mr Brar brings more than 25 years of leadership experience across industry and management consulting, including his previous role as Senior Partner at McKinsey & Company. His appointment is expected to support the company’s next phase of expansion and strategic growth.
Further reinforcing its financial strength, India Ratings & Research (Ind-Ra) upgraded Syrma SGS Technology’s long-term credit rating to IND AA/Stable from IND AA-/Stable, while reaffirming its short-term rating of IND A1+. The upgrade reflects the company’s improving financial profile, strong execution capabilities and consistent business performance.
With more than four decades of experience, Syrma SGS has established itself as a leading provider of electronics manufacturing and product design solutions. The company serves over 270 customers across more than 20 countries through its manufacturing facilities located in Chennai, Bengaluru, Manesar, Gurugram, Pune and Baddi, supported by research and development centres in India and Germany.
Offering services ranging from product design and PCB assembly to box-build solutions, RFID products, magnetic components and electromechanical systems, Syrma SGS continues to expand its global presence while supporting India’s growing electronics manufacturing ecosystem through innovation, quality and advanced engineering capabilities.
