Name: Latest research reports of Syrma SGS Technology Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Syrma SGS Technology Ltd.
Rating: 5
Author: Motilal Oswal

Unfavorable business mix continues to hurt margins

Buy: Syrma SGS Technology Ltd.

Motilal Oswal

SYRMA reported a weak operating performance in 4QFY24, with EBITDA
margins declining 200bp YoY due to an unfavorable business mix (higher
share of low-margin consumer business – 46% in 4QFY24 vs. 40% in
4QFY23).