ALFA Finder| Revenue growth | 18% growth in FY26; realization improved to ₹31,000 per tower. |
|---|---|
| Margins | EBITDA margins expanded due to Ind AS 116 accounting for Monorail contract. |
| Order book | Awaiting bulk order from Vodafone by June-end 2026. |
| Demand visibility | Strong visibility from Vodafone's 50k-70k tower expansion plan over 18 months. |
| Management confidence | High confidence in Vodafone rollout; demand for 5,000 sites confirmed. |
Growth
FY26 revenue grew 18% YoY; realization per tower increased from ₹29,000 to ₹31,000. Tower count reached 6,008 with 7,318 tenancies.
Outlook
Guided for 5,000 new Vodafone tenancies in FY27 requiring ₹600cr capex (50% debt-funded). Targeting 12,000-13,000 exit tenancies for FY27.
Risks
BSNL rollout delayed by Tejas network equipment issues; reliance on Vodafone's bulk order timeline for FY27 growth.
Last quarter's promises, checked
Delivered
- Guided 30-32% PAT margin → delivered 30% (= BEAT)
- Guided 68-70% EBITDA margin → delivered 74% (= BEAT)
- Guided realization per tower ₹31k-32k → delivered ₹31k (= BEAT)
Partly delivered
- Guided 1,800 unbilled BSNL sites to be integrated → reduced to 558 sites (= PARTIAL)
Missed
- Guided ₹240cr revenue for FY26 → delivered ₹221cr (= MISS)
- Guided 9,000 tenancies for FY26 → delivered 7,318 (= MISS)
Earnings Call filed with BSE, NSE: SUYOG. Summary written with AI assistance from the document.
Suyog Telematics Ltd: key numbers
- Share price
- ₹506.90
- Market cap
- ₹593.9 Cr
- Revenue (annual)
- ₹221.8 Cr
- Net profit (annual)
- ₹63.07 Cr
- P/E (TTM)
- 10.1×Sector 36.5×
- Promoter holding
- 51.64%+0.00% QoQ
- FII holding
- 0.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Suyog Telematics Ltd
All →Suyog Telematics Earnings Call Transcript: Key Takeaways
Q2/H1 FY27: Vi share rose to ~31%, BSNL billing stalled on ~300 built sites, no firm roll-out guidance; reported figures are internally inconsistent.
Suyog Telematics Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue INR 717 Mn (+2.8% YoY), EBITDA INR 431 Mn (60.1% margin), PAT INR 153 Mn (-7.7% YoY). Growth thesis rests on telecom capex cycle from Vodafone Idea and BSNL.
Suyog Telematics Management Change
Suyog Telematics appointed Pankaj Mehta as Non-Executive Independent Director, effective December 1, 2026, for a 36-month term. Approved at the November 3, 2026 board meeting.
Suyog Telematics Q2 FY27 Results: Net Profit ₹15.3 Cr, Down 7.8% YoY
Suyog Telematics Ltd reported revenue from operations of ₹71.7 Cr (+2.9% YoY) and net profit of ₹15.3 Cr (-7.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹15.3 Cr · -7.8% YoY
Suyog Telematics Price Movement Clarification
Suyog Telematics Limited responded to exchange queries on significant price movement, stating the move appears market-driven and it cannot comment on specific reasons. The company reaffirmed its Regulation 30 disclosure commitments.
Suyog Telematics Board Meeting Date
Suyog Telematics will hold a board meeting on 3 November 2026 for unaudited September 2026 quarter and half-year results. Trading window remains closed until results are announced.