The shares of semiconductor stock, specializing in the design, development, and manufacturing of electronic products, hit 20 percent upper circuit upon declaring Q3 results and generating profit with a 161 percent rise Year on Year (YoY)
Price action
With a market capitalization of Rs. 7,463.9 crores on Wednesday, the shares of Syrma SGS Technology Limited hit 20 percent upper circuit making a high of Rs. 505.10 per share compared to its previous closing price of Rs. 420.95 per share.
What Happened
Syrma SGS Technology Limited specializing in the design, development, and manufacturing of electronic products has announced its Q3FY25 results
Its Total income grew by 24 percent YoY from Rs. 718.84 Crores in Q3FY24 to Rs. 891.47 Crores in Q3FY25 and it grew by 5.7 percent QoQ from Rs. 842.77 Crores in Q2FY25 to Rs. 891.47 Crores in Q3FY25.
Its Net Profit rose 161 percent YoY from Rs. 20.3 Crores in Q3FY24 to Rs. 53.0 Crores in Q3FY25 and it rose by 33.8 percent QoQ from Rs. 39.6 Crores in Q2FY25 to Rs. 53.0 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 2.74, compared to Rs. 2.04 in the previous quarter and Rs. 0.88 in the same quarter last year.
The company’s operating EBITA is up by 88 percent YoY to Rs. 79.1 crores, operating EBITDA Margin to 9.1 percent and EBITA is up by 96 percent YoY to Rs. 101.3 crores, EBITDA Margin to 11.4 percent along with it company’s export revenue is up 23 percent from its Revenue from Operations.
About the Company
Syrma SGS Technology Ltd is a leading provider of engineering and technology solutions, focusing on sectors such as electronics, automotive, healthcare, and industrial applications, and offers services like PCB assembly, IoT solutions, and custom electronic products.
Financial Ratios (Q3 FY24)
Syrma SGS Technology Ltd’s Debt to Equity stands at 0.3 and has a PAT margin of 2.8 percent along with it the company’s ROCE stands at 7.7 percent.
Written by Sridhar J
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