India's Syrma SGS Technology jumps on higher Q4 profit, margin expansion

Syrma SGS Technology

12/05/2026 08:12

** Shares of India's Syrma SGS Technology SYRM.NS up as much as 5.96% at 1178.95 rupees, set for a seventh straight session of gains

** Electronic manufacturing services co posts profit of 1.01 billion rupees ($10.57 million) in Q4, up 55% Y/Y

** Investec ("buy"; TP:945 rupees) says revenue and profit growth aided by operating leverage, improving margins and robust growth across key business segments

** Adds that better working capital management and higher profitability helped improve return on invested capital

** Jefferies ("buy"; TP:970 rupees) says Q4 results driven by strong sales growth, margin expansion and robust performance across key segments including auto, healthcare and industrials; sees 40% earnings CAGR over FY25-28.

** SYRM rated "buy" on avg, median PT is 941 rupees - data compiled by LSEG

** YTD, stock up ~52%

($1 = 95.5650 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))