ScoutQuest30 Oct 2026
Syrma SGS Technology543573Periodic business update

Syrma SGS's JV Syrma SGS Elemaster opens Bengaluru facility, Syrma Johari MedTech opens Jodhpur plant

Joint venture Syrma SGS Elemaster, with Elemaster S.P.A., inaugurated a new facility in Bengaluru.

By ScoutQuest · · 1 min read

10.2%−0.8 pp
Q1 FY2711.0%Q2 FY2710.2%
EBITDA Margin: 11.0% (Q1 FY27) and 10.2% (Q2 FY27). A difference of 0.8 percentage points.
Q2 FY27 EBITDA margin
10.2%
H1 FY27 EBITDA margin
10.5%, down 21 bps YoY
Q2 EBITDA margin YoY change
fell 58 bps YoY
Release
Results press release
Period
Q2 FY27

_Consolidated · Q2 & H1 FY27_

🏭 Syrma SGS Elemaster Private Limited, the company's joint venture with Elemaster S.P.A. Tecnologie Elettroniche, inaugurated a new facility in Bengaluru, which the company says expands its manufacturing capabilities and its presence in high-growth sectors.

🏭 Subsidiary Syrma Johari MedTech inaugurated a new medical plastics and precision moulding facility in Jodhpur to support global medical-device programmes, the company says.

📉 Consolidated EBITDA margin fell 58 bps YoY in Q2 FY27 and narrowed to 10.2% (reported earlier) from 11.0% in the previous quarter; the H1 FY27 EBITDA margin was 10.5%, down 21 bps YoY.

📌 Managing Director Jasbir Singh Gujral said operating cash flow turned strongly positive for the half year and that the company is advancing its PCB project as the next pillar of growth.

📊 H1 FY27 EBITDA margin was 10.5%, down 21 bps YoY from 10.7%.

More numbers
  • Total Revenue, Q2 FY2719,995 (₹ Mn)
  • Total Revenue, H1 FY2736,032 (₹ Mn)
  • EBITDA Margin, Q2 FY2710.2%
  • EBITDA Margin, Q1 FY2711.0%
  • EBITDA Margin, H1 FY2710.5%
  • PAT Margin, Q2 FY276.2%
  • Working capital days63 days
  • Export revenue, % of operating revenue, H1 FY2725%
Source: BSE · 30 Oct 2026

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