Syrma SGS Technologies targets $1 billion revenue by FY27
Subscribe to enjoy similar stories. Syrma SGS Technology Ltd, an electronic system design and manufacturing company, aims to clock $1 billion in revenue by FY27 and is 'seriously evaluating’ opportunities in manufacturing semiconductors and printed circuit boards, managing director Jasbir Singh Gujral said in an exclusive interview with Mint. Having reported revenue of ₹833 crore and a lower-than-expected profit of ₹39.6 crore in the quarter ended September, Gujral maintained that the company’s revenue will grow at 35-40% with an EBITDA margin of 7%.
The company’s shares traded at ₹486.5 on the BSE on Tuesday, up 12.7% from the previous day. “I expect to do about ₹4,500 crore next year. We’re growing at 35-40%.
By that logic, it could be ₹6,000 crore the year after and by FY27 or FY28, it could reach $1 billion (over ₹8,400 crore)," Gujral said. The company has a presence in high-volume segments like consumer and IT and in low-volume, high-margin segments such as healthcare, industrial and RFIDs, which balances its revenue portfolio. Asked about new business opportunities, including semiconductors, Gujral said, “We are evaluating it, but we are very conscious of what it involves.
Just because the government or the government plus the state government is giving us 75% subsidy, we don't want to jump into it. And the critical - and the very critical part we hear - is credibility of the ODM (original design manufacturer) or joint venture partner." Syrma, which specialises in printed circuit board assembly (PCBA) and the telecom equipment supply chain, is aiming for a third of its revenue to come from exports, while business at home rises on the back of a push for local manufacturing and local supply. Revenue from exports is
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