ALFA Finder| Revenue growth | Flat QoQ, ~₹71 Cr core revenue; Q3 uplift expected from ramp. |
|---|---|
| Margins | Net margin claimed 21.4%; figures inconsistent with ~₹40 Cr PBT. |
| Order book | Vi 6,000+ orders; ~200-250 converted; BSNL ~300 built, unbilled. |
| Demand visibility | 45,000 operator sites over 3 years; monthly timing unconfirmed. |
| Management confidence | Over-optimistic on roll-out; defensive on capex funding. |
Growth
Net profit ~₹15.3 Cr, 21% margin claimed; revenue per tower ~₹30k monthly, slightly down; no YoY growth disclosed.
Outlook
H2 FY27 capex target ~₹200 Cr (₹120 Cr internal, ₹80 Cr debt); FY28 capex withheld.
Risks
BSNL ~300 sites unbilled, no firm date; Vi guidance unconfirmed; ~₹8-9 Cr cash vs ~₹200 Cr H2 capex, debt unanswered.
Last quarter's promises, checked
Delivered
- Guided ~20% PAT margin → delivered 21.4% claimed, PBT inconsistent (= BEAT, headline only)
Partly delivered
- Guided Vi share 30-32% → delivered ~31%, conditional on unmet 3,000 sites (= PARTIAL)
- Guided ~₹31k revenue/tower, flat → delivered ~₹30k, slightly down (= PARTIAL)
Missed
- Guided 3,000 Vi tenancies FY27 → delivered ~200-250 converted (= MISS)
- Guided 186 BSNL sites billed in Q2 → delivered ~300 built, unbilled, no date (= MISS)
- Guided no fundraise needed → delivered ₹80 Cr debt sanctioned, ₹8-9 Cr cash vs ~₹200 Cr H2 capex (= MISS)
Earnings Call Transcript 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 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.
Suyog Telematics Other Announcement
The company filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI LODR regulations.