SYRMA Q2 FY27 Guidance vs Delivery (SYRMA Management Mirror)

FY27 Revenue Growth Guidance Upgraded to 40%-45% From 35%+ Guided in Jun'26 Qtr

In Sep'26 Qtr results, H1 FY27 total consolidated revenue grew 71% YoY to Rs 3,603 crore and EBITDA margin stood at 9.9%. Management had earlier guided in Mar'26 Qtr and reaffirmed in Jun'26 Qtr a full-year FY27 revenue growth of 35%+ and EBITDA margins of 10.5% to 11.0%. Against this, management upgraded its full-year FY27 revenue growth guidance to 40%-45% translating to Rs 7,000+ crore, while FY27 EBITDA margin guidance was downgraded to 10.0%-10.5%. For the future, management targets crossing the $1 billion revenue mark in FY28, expecting sustained 30%-35% annual growth over the next 3 to 5 years, with margins guided to expand to 10.5%-11.0% in FY28 and FY29 as backward integration projects commercialize.