Dixon, Syrma Earnings Boost EMS Stocks; Sector Sees Broad Gains
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CNBC TV18•30-01-2026, 11:09
Dixon, Syrma Earnings Boost EMS Stocks; Sector Sees Broad Gains
- •Dixon Technologies and Syrma SGS Technology reported strong earnings, driving up shares of other EMS companies like Amber Enterprises, PG Electroplast, and Kaynes Technology.
- •Dixon Technologies showed an in-line quarter for revenue and margins, with profit beating expectations due to a one-off item; mobile revenue rose 5% YoY.
- •Syrma SGS Technology exceeded Street estimates with a 45% YoY revenue increase and a sharp EBITDA margin expansion to 12.6%, driven by broad-based growth.
- •Syrma's growth was distributed across automotive, consumer electronics, industrial, healthcare, IT, and railways segments, with strong demand in both domestic and export markets.
- •Morgan Stanley maintained an 'Equal Weight' rating on Syrma SGS, highlighting margin-led earnings beat and strong export momentum.
Why It Matters: Strong earnings from Dixon and Syrma SGS propelled the entire EMS sector, boosting investor confidence.
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