Synopsis: The shares of this engineering company were in the news today as the company declared its Q2 result which highlighted the company’s Net profit growth at 65 percent along with its entry into the maritime defence segment, with acquisition.
The shares of this company, which is engaged in electronics manufacturing services (EMS), provides integrated services and solutions to original equipment manufacturers (OEMs) and more were in the spotlight today as the company declared its robust results and its foray into defence.
With a market cap of Rs 16,700 crore, the shares of Syrma SGS Technology Ltd soared more than 10 percent in today’s trading session and reached a high of Rs 892.70 when compared to its previous day closing price of Rs 808.60 . Today’s high also marks its 52 week high.
Q2 FY26 Result highlights.
The Revenue from operation for the company stood at Rs 1,146 crore when compared to Rs 833 crore in Q2 FY25 , growing by about 38 percent YoY basis and on QoQ basis increasing by 21 percent from Rs 944 crore in Q1 FY26.
The PAT grew by about 65 percent YoY basis when you compare the Q2 FY26 profit at Rs 66 crore to Rs 40 crore in Q2 FY25 and on QoQ basis has increased 32 percent from Rs 50 crore in Q1 FY26.
The company has announced a major step forward with the acquisition of a 60 percent majority stake in Elcome Integrated Systems Pvt Ltd for Rs 235 crore through a mix of primary capital infusion and secondary share purchase and the remaining 40 percent stake to be acquired in multiple tranches over next 3 years,this move marks Syrma SGS’s foray into the Defence and Maritime electronics space, an area gaining strong national focus.
Founded in 1978 and based in Navi Mumbai, Elcome has been a trusted technology partner to the Indian Navy and defence organizations for decades, known for its expertise in navigation, communication, and surveillance systems used in mission-critical operations.
Through this acquisition, Syrma SGS aims to blend Elcome’s deep defence know-how with its own strengths in large-scale manufacturing and product engineering. The collaboration is expected to boost India’s self-reliance in advanced electronic systems, in line with the Aatmanirbhar Bharat vision, while opening new opportunities in the country’s growing defence technology ecosystem.
About the company.
Syrma SGS Technology Ltd is a leading Electronics System Design and Manufacturing (ESDM) company with over 20 years of experience in product design, manufacturing, and lifecycle solutions. Serving sectors like industrial, automotive, healthcare, and consumer electronics, the company operates 14 modern plants across India and Germany, along with several R&D centers in India. Its portfolio includes PCB assemblies, box builds, RFIDs, wire harnesses, and magnetic components.
Recently, Syrma SGS announced a joint venture with South Korea’s Shinhyup Electronics to establish a PCB manufacturing unit in Andhra Pradesh. For FY 2025, it reported consolidated revenue of about Rs 3,800 crore, underscoring its strong growth momentum in the electronics space.
Written by Leon Mendonca.
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