Syrma SGS Share Price Soars 11% as Q3 Profit Doubles

Introduction

Shares of Syrma SGS Technology jumped over 11% on Friday, reacting to a stellar financial performance in the third quarter of the 2026 fiscal year. The company announced that its net profit more than doubled compared to the same period last year, triggering strong buying interest from investors on the National Stock Exchange.

Market Reaction and Stock Performance

The stock, trading on the NSE, climbed 10.76% to reach a day's high of ₹802. Although it pared some of the initial gains, it closed the session significantly higher. By 3:04 PM, the shares were trading at ₹764, a 5.41% increase, while the broader Nifty 50 index saw a minor decline of 0.43%. The trading session was marked by heavy volumes, with approximately 11.4 million shares changing hands on the NSE, reflecting heightened investor activity.

Doubled Profits Drive Rally

The primary catalyst for the stock's surge was the company's robust financial results for the quarter ending December 2025. Syrma SGS Technology reported a net profit of ₹110.3 crore, a remarkable 108% increase from the ₹53 crore recorded in the corresponding quarter of the previous fiscal year (Q3FY25). This significant growth in profitability underscored the company's operational efficiency and strong market position.

Strong Revenue and EBITDA Growth

Alongside the impressive profit figures, the company's total revenue also saw substantial growth. Revenue from operations for Q3FY26 stood at ₹1,274.5 crore, up 43% from ₹895.1 crore in the same period a year ago. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also improved significantly, rising by 67% year-on-year to ₹169.7 crore from ₹101.3 crore.

Q3 Financial Highlights

Company Outlook on EMS Sector

In its exchange filing, Syrma SGS Technology noted that the electronic manufacturing services (EMS) segment continues to experience significant traction. The demand is strong across various industrial verticals in both domestic and international export markets. The company expressed its intention to grow in line with the industry's expansion, signaling confidence in its future business prospects.

Technical Analysis: A Positive Breakout

According to Swati Hotkar, assistant vice president of technical research at Nirmal Bang Securities, the technical chart for Syrma SGS Technology looks positive. The stock has given a breakout from a downward-sloping trend line, supported by decent trading volumes. This pattern suggests a potential upward move in the near term. Hotkar also noted that the stock is trading comfortably above its 50, 100, and 200-day moving averages, which indicates that the uptrend remains intact. The analysis suggests the stock could rally towards the ₹820-₹840 levels, provided it maintains the ₹700 support level on a closing basis.

Broader Market Context

With a market capitalisation of ₹14,723.57 crore, Syrma SGS Technology has demonstrated strong performance over the last year. The stock has delivered a return of 42.37% in the last 12 months, significantly outperforming the Nifty 50 index, which advanced by 8.85% during the same period. It is worth noting that the scrip is currently under the 'long-term additional surveillance measure' (ASM) framework.

Conclusion

Syrma SGS Technology's exceptional Q3FY26 results, highlighted by a doubling of net profit and strong revenue growth, have fueled a significant rally in its share price. The positive commentary on the EMS sector's outlook and a bullish technical setup suggest that investor sentiment remains strong. Market participants will be closely watching the company's ability to sustain this growth momentum in the upcoming quarters.