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Syrma SGS Technology Ltd Q1FY24; 65% rise in Profits

Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.

Financial Results:

Syrma SGS Technology Ltd reported Revenues for Q1FY24 of ₹601.00 Crores up from ₹389.00 Crore year on year, a rise of 54.5%.

Total Expenses for Q1FY24 of ₹582.00 Crores up from ₹368.00 Crores year on year, a rise of 58.15%.

Consolidated Net Profit of ₹28.00 Crores up 64.71% from ₹17.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.61, up 46.36% from ₹1.10 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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