Archive · 11 Nov 2025
Syrma SGS Reports 36% Export Growth in H1FY26 Amidst Economic Uncertainty
Syrma SGS, a company that makes electronic parts, is selling a lot more of its products to other countries.
In the first half of this year, their international sales grew by 36%, which is much faster than usual.
They made about 502 crore rupees from these sales and hope to reach 1000 crore by the end of the year.
This is good news even though there are some issues with trade, like tariffs in the US.
The company is also making more money overall, with a big jump in profit.
They are seeing growth in selling parts for cars, factories, and medical devices.
They also bought a new company that works with the military.
Syrma SGS is also exploring growth in railways and might enter the defense sector.
However, they are facing challenges in finding the right partners for new technology and in training enough skilled workers.
Syrma SGS achieved a 36% year-on-year export growth in H1FY26, reaching ₹502 crore.
The company aims to achieve ₹1,000 crore in annual exports.
High-margin verticals like automotive, industrial, and healthcare drove significant growth.
Syrma SGS acquired Elcome to enter the defense sector and expects growth in its railway business via a JV.
Challenges include finding semiconductor partners and addressing a skills gap in the workforce.
- Who
- Syrma SGS, an electronics manufacturer
- What
- Reported a 36% year-on-year increase in exports for the first half of fiscal year 2026, reaching approximately ₹502 crore, and is targeting ₹1,000 crore in annual exports.
- When
- The first half of fiscal year 2026 (ended September 2025), with the announcement made on Tuesday, November 11, 2025.
- Where
- Exports are primarily to the EU, with 5-6% to the US. The company is looking to increase its exports to America.
- Why
- Growth is attributed to high-margin business verticals like automotive, industrial, and healthcare, with expectations of future growth from the defense sector (via Elcome acquisition) and a potential resolution of US tariffs.
- Company
- Syrma SGS
- Reporting Period
- H1FY26 (Half year ended September 2025)
- Export Growth (YoY)
- 36%
- H1 Exports Value
- ₹502 crore
- Target Annual Exports
- ₹1,000 crore
- Consolidated Net Profit Growth (YoY)
- 78%
- Key Growth Verticals
- Automotive (22%), Industrial (30%), Healthcare (21%)