Suyog Telematics, a key telecom infra provider, reported Q3FY26 revenue of **INR 55.85 Cr**, up 14.5% YoY.

Net profit was **INR 14.63 Cr**, down 14.8% YoY, impacted by a **INR 1.48 Cr** increase in gratuity liability.

The company maintains a strong EBITDA margin of 70.8%. Key revenue contributors are Bharti Airtel, Jio, and Vodafone Idea.

Strategic growth is driven by aggressive expansion into the Delhi Circle via the **INR 13.5 Cr** acquisition of Lotus Tele Infra, targeting a 50% boost in tenancies.

Suyog is heavily focused on 5G-ready small cell infrastructure (4000+ tenancies) and fiber connectivity.

R&D initiatives aim for cost reduction through wind turbines and zinc batteries.

Management is well-positioned to capitalize on India's significant telecom capex, particularly from Vodafone Idea and BSNL's 4G/5G rollout plans.

The company's future strategy involves enhancing urban and rural 5G connectivity, expanding Fiber-to-the-Home solutions, and pursuing strategic acquisitions for portfolio growth.