Syrma SGS Technology witnessed a significant boost in its share price today, rising over 5% as a result of strong market sentiment and growing investor confidence. The stock’s surge reflects increased interest in the technology sector, with Syrma SGS gaining traction thanks to its expanding business footprint and solid prospects.
As of 10:12 am, the shares were trading at ₹399.30, up by 5.20% from the previous close.
Key Financial Results for Q2 FY25:
- Revenue: ₹8.33 billion (up 17% year-on-year from Q2 FY24).
- Net Income: ₹362.4 million (up 28% year-on-year from Q2 FY24).
- Profit Margin: 4.4% (up from 4.0% in Q2 FY24), driven by higher revenues.
- Earnings per Share (EPS): ₹2.04 (up from ₹1.60 in Q2 FY24).
While the company’s EPS exceeded analyst expectations by 19%, revenue fell short of estimates by 13%. Looking ahead, revenue is forecast to grow at an average rate of 23% per annum over the next three years, compared to a 24% growth forecast for the Indian electronics industry.
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