India's Syrma SGS rises on quarterly profit jump

Syrma SGS Technology

11/11/2025 05:10

** Syrma SGS Technology SYRM.NS rises as much as 5.98% to 856.4 rupees; last up 4%

** Electronics manufacturer posts 77% surge in net profit in September quarter

** Morgan Stanley, Jefferies attribute strong results to rising sales, lower interest costs, improving product mix

** Macquarie sees results as beat in profitability terms vs brokerages' expectations

** Meanwhile, co planning to buy majority stake in Elcome Integrated systems, marking foray into defence, maritime business

** SYRM gains 43.5% YTD

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))