Salzer Electronics Limited — Updates, 11-02-2025: Press Release

Salzer Electronics Limited reported robust financial performance for the third quarter and nine months ended December 31, 2024.

**Financial Highlights:**

For Q3 FY25, net revenue reached ₹341.46 crore, up 26.3% YoY, driven by strong demand in the Industrial Switchgear and Building Products divisions. EBITDA stood at ₹35.99 crore, with an EBITDA margin of 10.54%. Profit After Tax (PAT) increased by 15% to ₹15.50 crore, resulting in a PAT margin of 4.54%. For the nine-month period, net revenue was ₹1,042.60 crore, a growth of 24.16%, with PAT soaring 70.47% to ₹57.53 crore.

**Strategic Initiatives and Growth Drivers:**

The company saw significant contributions from exports, which comprised 30.68% of revenue. Notably, export revenue grew 60.5%, reflecting strong performance in the Middle East, Africa, and Asia. Salzer delivered its first order of 25,000 smart meters, signaling a strong entry into the smart grid technology segment.

**Investor Implications:**

The results highlight Salzer's strategic focus on innovation and operational efficiency in its diverse product lineup. The strong growth in key segments suggests a positive outlook for future performance, supported by both domestic and export markets. Investors may view this as a solid opportunity for sustained growth amidst a resilient business model.