Syrma in the limelight

Syrma SGS is a newsmaker, figuring among the top three gainers on the BSE since the opening bell today.

The market is enthused with its performance for Q2FY25 but more so with its optimistic guidance.

First the performance: its total revenue rose 17% (YoY) to Rs.843 crore; EBITDA was up 37% at Rs.81 crore while margins came in at 9.6% v/s 8.2%. PAT was at Rs.40 crore, up 30%. Its export revenue stood at 23% of revenue from operations.

The company, which makes Printed Circuit Board Assemblies (PCBA), projected FY25 financial targets, guiding a 40-45% revenue increase and an EBITDA margin of 7%.

By the end of FY25, the company expects export growth to reach 20%, driven by favourable conditions in the second half of the fiscal year. The company’s current order book stands at Rs.4,800 crore.

The stock, which had closed yesterday at Rs.431.65, opened lower today at Rs.429.70 but soon jumped up to Rs.474.50 and is currently trading at Rs.469 levels. Its 52-week high is at Rs.705.