Suyog Telematics posts solid financials, expands into Delhi NCR

Suyog Telematics reported a 16.1% year-on-year increase in revenue from operations for Q2FY26, reaching INR 554.1 Mn. EBITDA for the quarter stood at INR 416.9 Mn, up 19.2% YoY, with an impressive EBITDA Margin of 75.2%. Net profit for Q2FY26 was INR 166.2 Mn, resulting in reported earnings per share of INR 13.60. For H1FY26, revenue from operations was INR 1,099.8 Mn, a 17.3% increase from H1FY25, and EBITDA grew by 22.2% to INR 828.2 Mn. The company attributes the higher average revenue per tenancy to a massive upgrade executed on client sites.

A significant strategic development includes the acquisition of Lotus Tele Infra Private Limited for INR 13.5 Crores, completed on March 31, 2025. This acquisition grants Suyog Telematics a 95% subsidiary stake, enhancing its presence in the critical Delhi and NCR regions with 120 telecom sites and existing tenancies with Bharti Airtel and Reliance Jio. The company projects a 50% increase in tenancies within six months through onboarding Vodafone and BSNL.

Suyog Telematics is actively expanding its small cell tower infrastructure to support the 5G rollout for various operators and is involved in projects to deploy Fiber-to-the-Home (FTTH) networks. The company also initiated trials for cost-efficient Zinc batteries as power backup solutions and is developing low orbit satellite technology to expand market reach.