Electronics manufacturing stock hits 20% upper circuit after its net profits increase by 161% YoYElectronics manufacturing stock hits 20% upper circuit after its net profits increase by 161% YoY

Introduction:

Electronics manufacturing stock reported strong Q3FY25 results, with revenue rising 24% YoY to ₹8,915 million and profit surging 161% to ₹530 million. The company remains optimistic about growth, driven by increasing demand in the Auto and Industrials segments.

Share Price movement of Syrma SGS Technology :

On January 29, 2025, Syrma SGS Technology Ltd opened at ₹455.00, up 8.10% from its previous close of ₹420.95. The stock reached a high of ₹505.10 (19.99%) and a low of ₹443.85. By market close, it traded at ₹505.10, with a market cap of ₹8,998.76 crore.

Syrma SGS Technology Q3 Results:

Syrma SGS Technology Limited reported a consolidated total revenue of ₹8,915 million for Q3FY25, marking a 24% YoY increase driven by growth in the Auto and Industrials segments. EBITDA surged 96% YoY to ₹1,013 million, while profit after tax rose 161% YoY to ₹530 million.

For the nine months ended December 31, 2024, the company posted a consolidated revenue of ₹28,973 million, reflecting a 40% YoY growth. EBITDA increased 43% YoY to ₹2,430 million, and profit after tax also rose 43% YoY to ₹1,130 million, demonstrating strong financial performance.

The Electronics Manufacturing Services (EMS) segment continues to see strong demand across industry verticals. Syrma SGS Technology remains optimistic about sustaining growth in line with industry trends, leveraging opportunities in the Auto and Industrials sectors to drive future expansion.

Also Read: Stocks To Watch For Budget 2025

Recent news About Syrma SGS Technology  :

On September 25, 2024, Syrma SGS Technology surged 7.3% intraday, hitting ₹472.5 on BSE. The rally followed India Ratings and Research affirming its ‘IND A1+’ rating for ₹110 crore commercial paper, boosting investor confidence in the company’s financial stability.

Ace investor holding of  Syrma SGS Technology :

Krishna Kumar Pant holds a 6.90% stake in Syrma SGS Technology, amounting to 12,295,435 shares, valued at ₹621.0 crore. His holding saw a minor decline of 0.05% from the previous quarter. His substantial investment underscores confidence in the company’s growth prospects in the electronics manufacturing sector.

Ranjeet Singh Lonial owns 6.78% of Syrma SGS Technology, holding 12,085,000 shares worth ₹610.4 crore. His stake decreased by 0.06% from the last quarter. His investment highlights a strong belief in the company’s long-term potential despite recent market fluctuations.

Stock performance of Syrma SGS Technology for Period of 1 week, 6 months and 1 year:

Syrma SGS Technology’s stock declined 9.93% over the past week, reflecting short-term volatility. Over the last six months, it dropped 14.4%, indicating sustained pressure. The stock also recorded a 29.5% decline over the past year, highlighting ongoing market challenges and investor concerns.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Syrma SGS Technology :

All values in %	Dec-24	Sep-24	Jun-24
Promoters	46.58	46.89	46.89
FII	8.49	10.32	10.44
DII	7.46	6.44	6.45
Retail & others	37.47	36.35	36.22

About Syrma SGS Technology :

Syrma SGS Technology is a leading electronics manufacturing services (EMS) provider specializing in precision engineering, PCB assembly, and RFID solutions. The company serves diverse industries, including automotive, industrial, and consumer electronics, leveraging advanced technology and innovation to drive growth and market expansion.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.