Despite a 52% (YoY) surge in Syrma SGS Technologies total revenue at Rs.721 crore, the company’s net profit was largely flat, rising just 6% at Rs.30 crore and QoQ, it was up 8%.
The company’ EBITDA margin slipped from 11.6% to 8%.
Th market is hugely disappointed as this is seen as a very lacklustre performance for the quarter.
The expectations were high and because those weren’t fulfilled, the stock is currently the top gainer on the BSE, falling 8% to hit an intraday low at Rs.551.55. Its 52-week high and low stands at Rs.665 and Rs.248.30 respectively.