Syrma SGS Technologies, one of India’s leading printed circuit board assembly (PCBA) manufacturers, reported a revenue of ₹833 crore during the July-September quarter (Q2 FY25). The company’s margins stood at 8.9% and profit after tax at ₹39.6 crore.

Syrma SGS Managing Director Jasbir Singh Gujral, in an interview with CNBC TV-18, expressed confidence in achieving the company’s financial targets for FY25, forecasting an increase in revenue of 40 to 45 % and an EBITDA margin of 7%.

After a decline in margins in the first quarter due to increased contribution from the consumer segment, Syrma SGS has now evolved towards a more balanced sales mix, which should support these objectives.

Gujral said: “We are now coming to a more standardized product range and we believe that in the future we will achieve the forecasts we have given on the turnover, which is about 40-45% growth. to reach around ₹4,500 crore and EBITDA of ₹310-320 crore, which translates to around 7%. We are confident of achieving this.

Gujral explained: “Healthcare, medtech, exports, design engineering, followed by industrials and automobiles: each of these high-margin companies saw an uptick in the second quarter. »

Syrma SGS has consistently focused on export expansion, with a CAGR of 19% export growth through FY24. By the end of FY25, the company expects to export growth reached 20%, thanks to favorable conditions in the second half of the year. “The second half would be much better,” assured Gujral.

The company’s current order book stands at ₹4,800 crore.

Syrma SGS provides one-stop electronic manufacturing services (EMS) such as product design, rapid prototyping, PCB assembly, box construction, repair and rework; and automatic tester development services.

The company, which has a market capitalization of ₹6,882 crore, has seen its shares fall 35% over the last year.

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