Salzer Electronics Limited — Updates, 11-11-2024: Press Release

Salzer Electronics continues to show strong performance with consolidated net revenue of Rs. 344.23 crore for Q2 FY25, representing a 22.62% increase year-on-year. This growth is primarily driven by robust demand in the Industrial switchgear sector, particularly for products like three-phase transformers and wire harnesses, while export revenues increased by 3.1%. The company achieved an EBITDA of Rs. 35.31 crore, reflecting a 31.79% rise, with a margin of 10.26%. Profit After Tax surged to Rs. 27.28 crore, marking a remarkable 170.10% increase compared to the same quarter last year.

For the half year, net revenue reached Rs. 701.14 crore, up 23.14% YoY, with a PAT of Rs. 42.03 crore, more than doubling the previous year’s figure. Management highlights the successful entry into smart metering technology, with a first order of Rs. 5 crore. Overall, the company maintains a positive outlook, capitalizing on reduced raw material costs to enhance margins and focusing on a balanced product mix to sustain growth amidst global uncertainties. Investors should watch closely for further developments in smart metering and industrial solutions.