Business · India Bureau
Syrma SGS Elevates Growth Outlook, Targets Rs 7,000-Crore Revenue
Electronics manufacturer Syrma SGS has raised its financial guidance for FY27, projecting growth of 40-45% as it eyes Rs 7,000 crore in annual revenue. Strong performance in its original design manufacturing segment is driving the company's optimistic outlook.
LSN India ·
Syrma SGS Technology Limited has upgraded its growth expectations for the fiscal year ending March 2027, signaling robust demand across its manufacturing operations. The company now targets revenue of Rs 7,000 crore, supported by accelerating performance in its original design manufacturing (ODM) business, which serves as a key growth driver.
The ODM segment generated Rs 591 crore in revenue during the first half of FY27, already surpassing its entire FY25 performance of Rs 453 crore. This substantial year-on-year expansion reflects growing client adoption and increased order momentum in the contract manufacturing space. Management projections indicate the ODM division will cross the Rs 1,000-crore milestone during the current fiscal year.
The revised guidance reflects Syrma SGS's strengthened market position in India's electronics manufacturing ecosystem. The company's performance aligns with India's broader push to establish domestic manufacturing capabilities and reduce dependence on imports across sectors including telecommunications, consumer electronics, and industrial equipment.
The 40-45% growth projection positions Syrma SGS as a significant beneficiary of structural shifts in global supply chains and India's manufacturing expansion initiatives. The company's ability to scale operations and attract new customers underscores the competitive advantages it has built in precision electronics manufacturing.