Salzer Electronics Limited — Investor Meet, 16-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Salzer Electronics' Q3 FY26 revenue grew 24% YoY to INR 424 Cr, with 9M revenue up 23% to INR 1,284 Cr, largely from industrial switchgear and wires/cables. EBITDA margins stood at 9%. Management cited US-India trade pact and Union Budget as key tailwinds, maintaining ~20% revenue growth guidance (excluding smart meters) for FY26/FY27, targeting 9.5-10% blended EBITDA. Smart meter revenue was low (Q3: INR 1.25 Cr) due to new entrant challenges; management assures capacity and ongoing efforts. New initiatives include a railway patent, temperature sensors, and EV chargers. Sentiment: Management remains confident in core business growth and strategic diversification despite smart meter delays and input cost impacts.