SUYOG

Suyog Telematics financials

Market cap
₹939 Cr
Sector
Telecommunication
Calls analysed
6
Latest concall · Q1 FY27 · call held 12 Aug 2026

Suyog Telematics Limited Q1 FY27

Revenue ₹70.9 cr +6%EBITDA ₹42 cr +2%EBITDA Margin 59.3% Net Profit ₹14.5 cr

What went well

  • Revenue increased by 6.1% YoY to ₹70.9 crores (Q1 FY27 vs Q1 FY26).
  • EBITDA grew by 2.19% YoY to ₹42.0 crores (Q1 FY27 vs Q1 FY26).
  • Successfully converted 150 Vodafone Idea tenancies in June 2026, with another 700+ in hand.

What to watch

  • PAT margin declined from 25% in Q1 FY26 to 20% in Q1 FY27 due to a VI reversal in the previous year.
  • Q2 rollout may be impacted by the rainy season.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 1 delivered 4 missed 9 open
  • Q1 FY27 Revenue delivered said Q4 FY26 Promised: Q1 FY27 revenue to be similar to Q4 FY26 Q1 FY27: Achieved INR 70.9 crores, a 3.5% QoQ growth from INR 68.5 crores in Q4 FY26, beating the 'flat' guidance.
  • Data Centre Fibre Project Execution went quiet said Q2 FY26 Promised: INR 35 crores project to materialize by December (Q3) Q1 FY27: No mention of the project. Remains ghosted.
  • Total Tenancies by FY27 End revised down said Q4 FY25 Promised: 15,000 tenancies by next FY end (FY27) Q1 FY27: Revised down to 10,000+ tenancies for FY27 (7,318 base + 3,000 new from VI).

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 1.6%, net profit down 17.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue48 49 50 64 52 +8%53 +8%65 +30%65 +2%
EBITDA35 34 8 39 40 +14%38 +12%40 +400%39 +0%
Net profit20 17 -14 17 17 −15%15 −12%14 +200%14 −18%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −13.2% 1Y

₹600₹700₹800₹900Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 12 Aug 2026

1Y: ₹749.85 on 10 Sept 2025 → ₹650.5. High ₹901.4 (7 Jul 2026), low ₹535.2 (4 Feb 2026).

How the price took the results

close before → close after

Q1 FY27
−2.9%
12 Aug
Q4 FY26
−1.8%
2 Jun
Q3 FY26
+0.8%
10 Feb
Q2 FY26
+0.3%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 17.6% a year over 3 years, FY23 to FY26. Operating margin widened to 67.1%.

Year endingFY23FY24FY25FY26
Revenue₹144 Cr₹167 Cr₹193 Cr₹234 Cr
Operating profit₹93 Cr₹118 Cr₹110 Cr₹157 Cr
Operating margin64.6%70.7%57.0%67.1%
Interest₹15 Cr₹19 Cr₹16 Cr₹21 Cr
Depreciation₹27 Cr₹33 Cr₹47 Cr₹57 Cr
Net profit₹46 Cr₹63 Cr₹40 Cr₹63 Cr
Net margin31.9%37.7%20.7%26.9%
Cash from operations₹67 Cr₹72 Cr₹71 Cr₹62 Cr
Free cash flow₹-34 Cr₹8 Cr₹-59 Cr₹-31 Cr
ROCE22.0%22.0%14.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹11 Cr₹11 Cr₹12 Cr
Reserves₹133 Cr₹178 Cr₹224 Cr₹288 Cr₹423 Cr₹477 Cr
Borrowings₹93 Cr₹118 Cr₹158 Cr₹150 Cr₹235 Cr₹335 Cr
Other liabilities₹77 Cr₹55 Cr₹87 Cr₹51 Cr₹65 Cr₹73 Cr
Total liabilities₹314 Cr₹361 Cr₹480 Cr₹500 Cr₹735 Cr₹898 Cr
Fixed assets₹196 Cr₹256 Cr₹340 Cr₹366 Cr₹420 Cr₹539 Cr
Capital work in progress₹19 Cr₹12 Cr₹3 Cr₹7 Cr₹66 Cr₹88 Cr
Investments₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹13 Cr₹13 Cr
Other assets₹98 Cr₹92 Cr₹136 Cr₹127 Cr₹236 Cr₹258 Cr
Total assets₹314 Cr₹361 Cr₹480 Cr₹500 Cr₹735 Cr₹898 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +1.86 pp while DIIs trimmed −0.67 pp. The shareholder count shrank 17% to 12,196.

Promoters
51.6%
FIIs
0.7%
Public
47.7%

Since Jun 2025

  • Promoters +1.86 pp
  • DIIs −0.67 pp
  • FIIs −0.65 pp

How it drifted, 12 quarters

Over this window the public fell from 52.1% to 47.7% — −4.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 47.9%, Public 52.1%.Dec '23: Promoters 47.4%, Public 52.6%.Mar '24: Promoters 47.4%, FIIs 4.7%, DIIs 0.0%, Public 47.9%.Jun '24: Promoters 47.3%, FIIs 4.7%, DIIs 0.1%, Public 47.9%.Sep '24: Promoters 47.3%, FIIs 4.3%, DIIs 0.0%, Public 48.4%.Dec '24: Promoters 47.3%, FIIs 3.0%, DIIs 0.6%, Public 49.1%.Mar '25: Promoters 49.5%, FIIs 3.0%, DIIs 0.7%, Public 46.8%.Jun '25: Promoters 49.8%, FIIs 1.3%, DIIs 0.7%, Public 48.2%.Sep '25: Promoters 49.8%, FIIs 1.3%, DIIs 0.6%, Public 48.3%.Dec '25: Promoters 52.0%, FIIs 0.7%, DIIs 0.0%, Public 47.3%.Mar '26: Promoters 52.0%, FIIs 0.6%, DIIs 0.0%, Public 47.3%.Jun '26: Promoters 51.6%, FIIs 0.7%, Public 47.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Suyog Telematics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shivshankar Lature 45.80%unchanged
Suchitra Shivshankar Lature 4.55%unchanged
Narantak Dealcomm Limited Corporate4.27%unchanged
Dorite Tracon Private Limited 1.56%unchanged
Shilpa Abhijit Ghavle 1.54%unchanged
Penang Enterprises Private Limited 1.22%unchanged
Sarvatra Finance Private Limited 0.43%unchanged
Sakshi Vivek Lature 0.43%unchanged
Gurushantappa Lature 0.43%unchanged
Arvind Gurushantappa Lature 0.00%unchanged
Somnath Gurushant Lature —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Suyog Telematics Limited

Guides on how to read this kind of business and the numbers that matter.