Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore
Syrma SGS Technology moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The company’s exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.
The analysis
Syrma SGS Technology reported Rs 1,999.5 crore, with movement of 73%, 91% and 87.2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.6% on the day at ₹1,625.30, and has returned +18.0% over three months. It sits 9% below its 52-week high. The capital goods & engineering sector has moved -5.3% over the same period, so Syrma SGS Technology is running 23.3 points ahead of its peers.
For Syrma SGS Technology, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Syrma SGS Technology (SYRMA), in Capital Goods & Engineering.
- Over three months: Syrma SGS Technology +18.0% against Capital Goods & Engineering -5.3% (23.3 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Syrma SGS TechnologySYRMA · Capital Goods & Engineering | ₹1,625.30 | -2.6% | -8.8% | +18.0% | -8.8% | 1.3× | — |
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Syrma SGS Technology
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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