FY23 Annual Result Announced for Syrma SGS Technology Ltd.
Electrical Equipment/Products company Syrma SGS Technology announced FY23 results: Consolidated total revenue of Rs 20,921 million, up by 63% YoY compared to Rs 12,843 million for FY22, primarily driven by Automotive, Consumer, and Industrial segments Consolidated EBITDA was up by 61% YoY to Rs 2,315 million as against Rs 1,437 million for FY22 EBITDA margin was at 11.1% as compared to 11.2% for FY22 Profit Before Tax was Rs 1,787 million, up 61% YoY as compared to Rs 1,108 million in FY22 Profit after Tax was Rs 1,231 million up by 61% YoY as compared to Rs 765 million for FY22 The domestic demand for EMS continues to be robust across Industry segments The company remains confident and aspires to grow in line with industry growth rates Result PDF19-05-2023