Suyog Telematics Limited – Audited Financial Results for FY 2026

Announcement Date: 26 May 2026

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Introduction

Suyog Telematics Limited (CIN L32109MH1995PLC091107) has filed its audited consolidated and standalone financial statements for the year ended 31 March 2026, together with accompanying notes on significant accounting matters, acquisitions, and regulatory developments.

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1. Key Financial Highlights

1.1 Consolidated Results (FY 2026 vs FY 2025)

Metric	FY 2026 (Audited)	FY 2025 (Audited)	YoY Change
Total Revenue	₹ 22,762.55 L	₹ 20,152.24 L	+12.9 %
Profit for the period	₹ 6,307.10 L	₹ 4,055.39 L	+55.5 %
Basic EPS	₹ 54.70	₹ 34.55	+58.3 %
Diluted EPS	₹ 52.40	₹ 31.61	+66.0 %
Total Assets	₹ 94,253.27 L	₹ 68,394.94 L	+37.8 %
Total Equity	₹ 48,957.74 L	₹ 40,049.20 L	+22.3 %
Total Liabilities	₹ 45,295.52 L	₹ 28,345.73 L	+59.8 %

1.2 Standalone Results (FY 2026 vs FY 2025)

Metric	FY 2026 (Audited)	FY 2025 (Audited)	YoY Change
Total Revenue	₹ 21,445.50 L	₹ 20,152.24 L	+6.4 %
Profit for the period	₹ 6,227.85 L	₹ 4,055.39 L	+53.5 %
Basic EPS	₹ 54.05	₹ 34.55	+56.5 %
Total Assets	₹ 89,766.18 L	₹ 67,564.15 L	+32.9 %
Total Equity	₹ 48,882.44 L	₹ 40,038.15 L	+22.1 %
Total Liabilities	₹ 40,883.74 L	₹ 27,526.00 L	+48.5 %

1.3 Cash‑Flow Summary (FY 2026)

Cash‑flow category	FY 2026 (₹ L)	FY 2025 (₹ L)
Operating activities (net)	6,572.98	7,105.81
Investing activities (net)	(11,199.00)	(14,599.46)
Financing activities (net)	2,652.78	9,603.76
Net change in cash & equivalents	(1,973.25)	2,110.12
Cash & equivalents at year‑end	1,756.42	2,475.22

Operating cash generation remained robust despite a net cash outflow driven by higher capital expenditures and lease‑related outflows.

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2. Strategic and Regulatory Developments

2.1 Acquisition of Lotus Tele Infra Private Limited

Item	Amount (₹ L)
Purchase consideration	1,280
Goodwill recognized	1,355.49
Stake acquired	95 %
Net assets of target (post‑revaluation)	–75.49 (negative)

The acquisition was initially recorded on a provisional basis (Ind AS 103) and re‑valued in FY 2026, resulting in goodwill of ₹ 1,355.49 L.

2.2 Internal Control Enhancements

• Note 5 of the consolidated financial results highlights the need to strengthen internal control design commensurate with the company’s expanding business size.
• Management plans to implement enhancements to mitigate identified deficiencies in the internal control system.

2.3 Labour Code Impact

• The Government of India’s Labour Codes (effective Nov 2025) introduced a uniform definition of wages and increased gratuity liabilities.
• Suyog Telematics has recorded the incremental employee‑benefit expense arising from these changes in its profit‑and‑loss statement.

2.4 GST Search/Inspection

• A GST inspection was conducted on 2 Jan 2026 at the company’s premises.
• Management cooperated fully and anticipates no material impact on the FY 2026 financial statements.
• As per GST officials’ suggestion, the company will reclassify “Reimbursement of Energy Charges” as revenue effective 1 Apr 2026.

2.5 Loans to Related Parties

• Loans extended to related parties were funded from internal accruals, on arm’s‑length terms and are deemed recoverable.
• Disclosures comply with Ind AS 24 and the Companies Act 2013 (Note 13).

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3. Accounting Emphasis of Matter

Note	Subject	Key Point
Note 6	Reconciliation of balances (Loans & Advances, Trade Receivables/Payables, etc.)	Subject to confirmation/reconciliation; adjustments may be required.
Note 7	Provisional revenue from telecom‑tower services	Revenue recognized on a provisional basis pending final tenancy confirmations; disclosed per Ind AS 115.
Note 8	Provisional revenue treatment	Management’s representation relied upon; no independent verification beyond disclosed information.

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4. Balance‑Sheet Highlights

• Non‑current assets grew to ₹ 73,042.62 L (consolidated) driven by higher Right‑to‑Use assets (₹ 22,745 L) and capital work‑in‑progress (₹ 8,757 L).
• Current assets increased to ₹ 21,210.64 L, with cash & cash equivalents of ₹ 1,756.42 L at year‑end.
• Non‑current liabilities rose sharply to ₹ 33,052.95 L, reflecting higher borrowings (₹ 9,484 L) and lease liabilities (₹ 20,293 L).
• Current liabilities remained relatively stable at ₹ 12,242.57 L, with a notable increase in outstanding dues of micro‑enterprises (₹ 1,025.75 L).

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5. Outlook & Considerations

• Revenue growth is supported by the continued expansion of telecom‑tower infrastructure services and the recent acquisition of Lotus Tele Infra.
• Liquidity has tightened due to substantial capital spending; the company will need to monitor cash generation and financing capacity.
• Regulatory compliance (Labour Codes, GST) appears under control, but ongoing monitoring is essential.
• Internal control enhancements are planned, which may improve risk management and operational efficiency in subsequent periods.

Investors should review the full audited financial statements and accompanying notes for a comprehensive understanding of the company’s performance and risk profile.