Syrma SGS Technology Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Syrma SGS Technology Ltd reported a 5.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 24.0%.
- Its expenses for the quarter were up by 4.3% QoQ and 19.4% YoY.
- The net profit increased 33.7% QoQ and increased 161.3% YoY.
- The earnings per share (EPS) of Syrma SGS Technology Ltd stood at 2.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 891.47 | 842.78 | 718.83 | 5.8% | 24.0% |
Total Expenses | 825.80 | 792.09 | 691.87 | 4.3% | 19.4% |
Profit Before Tax | 63.53 | 50.68 | 26.96 | 25.4% | 135.6% |
Tax | 10.53 | 11.04 | 6.68 | -4.6% | 57.6% |
Profit After Tax | 53.00 | 39.65 | 20.28 | 33.7% | 161.3% |
Earnings Per Share | 2.70 | 2.00 | 0.90 | 35.0% | 200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Syrma SGS Technology Ltd is a company engaged in the technology sector, specializing primarily in the design and manufacture of electronic products. The company operates within a competitive industry that involves the production and distribution of electronic components and solutions. As of the latest quarter, there are no specific major developments available in the provided data; therefore, detailed recent events or strategic shifts remain unspecified here.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Syrma SGS Technology Ltd reported total income of ₹891.47 crores. This represents a quarter-over-quarter (QoQ) increase of 5.8% from ₹842.78 crores in Q2FY25. Year-over-year (YoY), the total income shows a substantial growth rate of 24.0% compared to ₹718.83 crores in Q3FY24. This upward trend in revenue suggests the company has been expanding its income base over the past year, reflecting a strong performance in its market activities.
Profitability
For Q3FY25, the company recorded a profit before tax of ₹63.53 crores, which marks a 25.4% QoQ increase from ₹50.68 crores in the previous quarter. On a YoY basis, this metric has risen significantly by 135.6% from ₹26.96 crores in Q3FY24. The profit after tax for the quarter stood at ₹53.00 crores, showing a robust QoQ growth of 33.7% from ₹39.65 crores in Q2FY25 and an impressive YoY surge of 161.3% from ₹20.28 crores in Q3FY24. The tax expense for Q3FY25 was ₹10.53 crores, reflecting a slight decrease of 4.6% QoQ, while the YoY increase was 57.6% from ₹6.68 crores in Q3FY24. Earnings per share (EPS) for the quarter was ₹2.70, up 35.0% QoQ from ₹2.00 and 200.0% YoY from ₹0.90.
Operating Metrics
Syrma SGS Technology Ltd's total expenses for Q3FY25 were ₹825.80 crores, showing a 4.3% increase QoQ from ₹792.09 crores in Q2FY25. The YoY increase in expenses was 19.4% from ₹691.87 crores in Q3FY24. This indicates a consistent rise in operational costs alongside revenue increases. Notably, the profit margin has improved due to a higher growth rate in profit metrics compared to expenses, as evidenced by the positive changes in profit before and after tax. The company’s focus on managing expenses while scaling revenue reflects its operational strategies during this period.
