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Earnings Call Transcript

Suyog Telematics Earnings Call Transcript: Key Takeaways

Suyog Telematics reports a 6.1% YoY revenue increase, driven by new orders from Vodafone Idea, though margins show adjustment due to accounting policy changes for electricity reimbursements.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthRevenue grew 6.1% YoY to ₹70.9 Cr including electricity reimbursements.
MarginsEBITDA margin at 59.3%; adjusted downward due to electricity accounting change.
Order book700+ additional tenancies currently in the pipeline for Q2 execution.
Demand visibilityStrong visibility from 4G/5G expansion needs of Vodafone and BSNL.
Management confidenceHigh confidence based on aggressive Vodafone Idea rollout plans.

Growth

Revenue reached ₹710 million; organic growth driven by 150 new tenancies converted from Vodafone in late June.

Outlook

Targeting 3,000 new tenancies in FY27; aim for ₹4,000 million annual revenue by Q4.

Risks

Dependence on Vodafone Idea and BSNL execution remains a key concentration risk.

Last quarter's promises, checked

Delivered

  • Guided ₹31,000-32,000 revenue/tower → delivered ₹31,080 (= BEAT)
  • Guided 15-20% revenue growth → delivered 18% (= BEAT)
  • Guided 30% PAT margin → delivered 30% (= BEAT)

Partly delivered

  • Guided 5,000 Vodafone towers FY27 → delivered 700 in pipeline (= PARTIAL)

Missed

  • Guided 1,000 Vodafone towers/Q1 → delivered 150 tenancies (= MISS)
  • Guided 17,000 exit tenancies FY27 → delivered 12,000-13,000 target (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: SUYOG. Summary written with AI assistance from the document.

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Suyog Telematics Ltd: key numbers

Share price
₹650.40
Market cap
₹762.1 Cr
Revenue (annual)
₹221.8 Cr
Net profit (annual)
₹63.07 Cr
P/E (TTM)
12.7×Sector 33.0×
Promoter holding
51.64%-0.38% QoQ
FII holding
0.67%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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New Order Win

Suyog Telematics Bags New Order from Vodafone Idea Limited

Suyog Telematics received 819 additional site orders from Vodafone Idea in FY 2026-27. No monetary value disclosed; orders are for telecom infrastructure deployment.

From
Vodafone Idea Limited
telecom site deployment
819 sites