On a consolidated basis, Syrma SGS Technology's net profit rose 27.83% to Rs 36.24 crore on 17% increase in net sales to Rs 832.74 crore in Q2 September 2024 over Q2 September 2023. Export revenue was 23% of revenue from operations.
Profit before tax stood at Rs 50.68 crore in the Q2FY25, up 37.2% YoY and up 71.85% QoQ.
EBITDA was at Rs 81 crore during the quarter, up 37.4% YoY and up 33.5% QoQ. EBITDA margin stood at 9.6% in Q2FY25, higher than 5.2% in Q1FY25 and 8.2% in Q2FY24.
Total expenses rose 14.7% to Rs 761.78 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of materials consumed stood at Rs 647.28 crore (up 11.3% YoY) while employee benefits expense was at Rs 45.94 crore (up 47.8% YoY).
Net cash flow from operating activities improved to Rs 209.51 crore in Q2FY25 from a cash outflow of Rs 3.20 crore in Q2FY24.
As on 30 September 2024, total cash & equivalents stood at Rs 422.80 crore while net debt stood at Rs 180 crore.
Syrma SGS Technology is a technology-focused engineering and design company specializing in precision manufacturing for diverse end-use industries. It is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies / adapters, fiber optic assemblies, magnetic induction coils and RFID products and other electronic products.