Latest news with #SyrmaSGSTechnology
Business Standard
23-05-2025
- Business
- Business Standard
Syrma SGS Tech inks pact with Dynabook for manufacturing laptops in India
Syrma SGS Technology said that it has entered into a strategic partnership with Dynabook Singapore Pte. Ltd. for manufacturing laptops in India. Dynabook Singapore is leading commercial PC brand in Japan. It provides a portfolio of B2B laptop computers to meet diverse customer requirements. As part of this collaboration, Syrma SGS will manufacture Dynabooks diverse range of laptops in India, supporting the Governments 'Make in India' vision. This initiative is designed to meet the varied demands of enterprise customers and commercial channels across the country, providing world-class laptops with Dynabook's renowned technology and expertise to government and public sector undertakings. Satendra Singh, CEO of Syrma SGS Technology, said: It is a moment of pride for us to associate with Dynabook, a well-known Japanese brand. This alignment will offer more choices to customers in India under the central government's 'Make in India' initiative. Dynabook's expertise in technology and high-class manufacturing will result in the best products for Indian customers and beyond. Syrma SGS Technology manufactures 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. The scrip rose 0.69% to currently trade at Rs 541.95 on the BSE.
Time of India
23-05-2025
- Business
- Time of India
Syrma SGS Technology inks agreement to make Dynabook laptops in India
NEW DELHI: Homegrown electronics manufacturing services (EMS) firm Syrma SGS Technology has partnered with Dynabook Singapore Pte to manufacture the latter's laptops in India. 'The collaboration is in line with the Indian government's continued push for local laptop manufacturing through supportive policies and incentives,' Syrma SGS said on Friday, adding that it will manufacture a diverse range of laptops in India for the brand. The Japanese company provides a portfolio of B2B laptop computers to meet diverse customer requirements. 'Today's announcement marks a significant milestone for Dynabook and reiterates our commitment to the government of India's 'Make in India' initiative for a self-reliant India,' said Wong Wai Meng, MD, Dynabook Singapore. Meng added that domestic manufacturing will enable Dynabook to better serve the needs of its customers across industries and segments, from startups to small and medium businesses (SMBs) to enterprises to government. 'It is a moment of pride for us to associate with Dynabook, a well-known Japanese brand. This alignment will offer more choices to customers in India under the central government's 'Make in India' initiative,' said Satendra Singh, CEO of Syrma SGS Technology. Earlier this year, the EMS firm said it would produce laptops for Micro-Star International (MSI), a Taiwanese consumer electronics company, for the Indian market under a strategic agreement.
Business Standard
22-05-2025
- Business
- Business Standard
Syrma SGS Technology forges strategic partnership with Dynabook Singapore
Syrma SGS Technology has entered into a strategic partnership, to manufacture laptops for Dynabook Singapore Dynabook, with a history dating back to the release of the first laptop PC in 1985 and a leading commercial PC brand in Japan, provides a portfolio of B2B laptop computers to meet diverse customer requirements. The collaboration is in line with the Indian government's continued push for local laptop manufacturing through supportive policies and incentives. As part of this collaboration, Syrma SGS will manufacture Dynabook's diverse range of laptops in India, supporting the Government's 'Make in India' vision. This initiative is designed to meet the varied demands of enterprise customers and commercial channels across the country, providing world-class laptops with Dynabook's renowned technology and expertise to government and public sector undertakings.
Time of India
15-05-2025
- Business
- Time of India
Syrma SGS Technology Q4 profit zooms 87%, revenue drops 18%
New Delhi: Electronics systems design and manufacturing firm Syrma SGS Technology has reported an 87% jump in consolidated net profit to ₹65.4 crore in the March quarter of FY25 due to higher margin, even though revenue from operations fell 18.4%. The Mumbai-headquartered firm shifted its focus away from low-margin consumer business to high-value segments like industrial and healthcare, which together accounted for 50% of Q4 income. "Over the past year, we have strategically pivoted our exposure from the consumer business to other businesses. This calibrated move away from low-margin business towards engineering and design-led manufacturing has resulted in a significant improvement in our margin profile, even as top-line growth moderated. The margin expansion was driven by this improved mix, with high-value, high-margin segments contributing a greater share to our overall business," Syrma SGS MD Jasbir Singh Gujral told PTI. The company had logged a net profit, attributable to owners of the holding company, of ₹34.9 crore in the January-March quarter of FY24. During the quarter, its revenue from operations was 18.4% lower at ₹924.3 crore against ₹1,134.2 crore in the year-ago period. For the full financial year 2024-25, its profit grew 58.2% to ₹169.8 crore, from ₹107.3 crore in FY24. The company had logged a net profit, attributable to owners of the holding company, of ₹34.9 crore in the January-March quarter of FY24. Revenue in FY25 increased 20% year-on-year to ₹3,786.6 crore. Looking ahead, Syrma SGS is projecting a 30-35% increase in revenue for FY26. The firm on-boarded 25 new customers in FY25, including export clients. The benefits from these new customers were not fully reflected in FY25 results, in addition to pending ramp-ups of a few other old export clients, Gujral said. This gives the company confidence of good growth in exports in FY26, he added. Syrma SGS is looking to cross ₹1,000 crore in export value in FY26, up from ₹860 crore in FY25. "The global supply chain realignment and heightened interest from international customers in India as a reliable manufacturing base are providing strong tailwinds. Inbound inquiries and plant visits from global players are at an all-time high, indicating robust demand and future order inflows," Gujral said. Further, the company's board has approved raising of funds via Qualified Institutional Placement (QIP), "for an aggregate amount not exceeding ₹1,000 crore". Gujral clarified that the existing organic business does not require additional funding, given its near-zero-debt status and strong balance sheet. "This fundraise is strategically positioned for two potential requirements. First, we're actively exploring inorganic acquisition opportunities that align with our growth vision. Second, we're evaluating various component manufacturing verticals under the PLI ( Production Linked Incentive ) scheme, with applications being filed before the July 31 deadline. For component manufacturing, investments could range from ₹50 crore to ₹1,000 crore over a five-year period, depending on the component type. We're currently in discussions with potential technology partners for various components, he said.
Business Standard
14-05-2025
- Business
- Business Standard
Syrma SGS Technology consolidated net profit rises 87.29% in the March 2025 quarter
Sales decline 18.39% to Rs 932.40 crore Net profit of Syrma SGS Technology rose 87.29% to Rs 65.44 crore in the quarter ended March 2025 as against Rs 34.94 crore during the previous quarter ended March 2024. Sales declined 18.39% to Rs 932.40 crore in the quarter ended March 2025 as against Rs 1142.52 crore during the previous quarter ended March 2024. For the full year,net profit rose 58.27% to Rs 169.87 crore in the year ended March 2025 as against Rs 107.33 crore during the previous year ended March 2024. Sales rose 19.43% to Rs 3787.19 crore in the year ended March 2025 as against Rs 3170.96 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 932.401142.52 -18 3787.193170.96 19 OPM % 12.397.27 - 8.556.91 - PBDT 114.1277.03 48 314.28219.28 43 PBT 93.3761.19 53 239.22167.79 43 NP 65.4434.94 87 169.87107.33 58
