Syrma SGS Technology reported a 67% year-on-year increase in revenue for the first quarter, driven by robust performance in its Original Design Manufacturing (ODM) segment.
The electronics manufacturing services company cited strong order inflows from the medtech and defence sectors as key growth drivers.
Managing Director Jasbir Singh Gujral expressed optimism about the ODM business trajectory, noting that the company is sharpening its capabilities to capture higher-value contracts.
The revenue growth underscores a strategic shift toward more complex manufacturing solutions rather than standard assembly services.
The results come as global supply chains continue to diversify, with Indian EMS providers gaining traction in niche sectors.
Investors will be watching whether this top-line growth translates into sustained profitability, given the capital intensity of ODM operations.