Sahasra Electronic Solutions Limited — Investor Meet, 02-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sahasra Electronic Solutions faced a tough H2 FY25 with weak revenue and 9% margins due to global uncertainties and US tariffs, cutting exports from 80% to 51% of sales. The company is diversifying into domestic EV chargers and automotive tracking, expanding SMT capacity to 3.5 million units. For FY26, it targets ~30% standalone revenue growth (INR130 Cr EMS; INR50 Cr semiconductor) with a 15% gross margin, supported by a INR23 Cr government subsidy. The semiconductor segment is early but gaining order traction with marquee clients, aiming for break-even in FY26. A planned merger could add ~INR100 Cr revenue. Management is cautiously optimistic, focusing on export recovery, UK market expansion, prudent capex, and stronger R&D.