| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 341.46 | 0.8% |
| Total Income | 343.43 | 4.6% |
| Expenditure | 322.21 | 0.8% |
| PBT | 21.21 | 39.6% |
| Net Profit | 15.50 | 43.2% |
| OPM | 0.73% | 0.33pp |
| NPM | 4.52% | 3.06pp |
| EPS | 8.77 | 43.2% |
Salzer Electronics Reports 26.30% YoY Growth in Q3 FY25 Revenues
12 Feb 2025 · 12 Feb 2025, 03:45 am
Summary
Salzer Electronics Limited, a capital goods engineering company, has announced its unaudited financial results for the third quarter and nine months ended 31st December 2024. The company reported a YoY growth of 26.30% in consolidated quarterly revenues, driven by a 42% YoY growth in Industrial Switchgear and 41% YoY growth in Building Product Division. The company's Q3 FY25 EBITDA stood at Rs. 36.0 crore, representing a YoY growth of 16%. The first 25,000 smart meters have been delivered, with a repeat order anticipated. The company's net revenue for the nine months ended December 31, 2024, was Rs. 1,042.60 crore, marking a YoY growth of 24.16%.
Key Highlights
- 1
26% YoY growth in consolidated quarterly revenues
- 2
42% YoY growth in Industrial Switchgear and 41% YoY growth in Building Product Division
- 3
Q3 FY25 EBITDA at Rs. 36.0 crore, representing a YoY growth of 16%
- 4
First 25,000 smart meters delivered, repeat order anticipated
- 5
9M FY25 net revenue at Rs. 1,042.60 crore, marking a YoY growth of 24.16%
Management Comments
Mr. Rajesh Doraiswamy
Joint Managing Director, Salzer Electronics Ltd
During the third quarter of the financial year, we registered a strong growth in consolidated revenues of Rs. 341.46 crores with EBITDA (excluding other income) and PAT of Rs. 35.99 crore and Rs. 15.50 crore, respectively. This growth was mainly driven by switchgear & building products businesses. This growth has been achieved despite the slight slowdown setting in amidst macro-economic uncertainties and continued geo-political tensions in parts of world. Coming to our new product of smart meters, I am very happy to share that our first order of 25,000 smart meters has been dispatched, marking a significant milestone in our commitment to advancing smart grid technology. This achievement reflects our strong execution capabilities and reinforces customer confidence in our solutions. With this successful delivery, we are optimistic about securing the next order from the same customer, further strengthening our partnership and driving sustained growth in the smart metering segment. We remain dedicated to maintaining this growth momentum as we strive for greater achievements. At Salzer, innovation is at the core of our strategy, and our diverse product portfolio, along with a strong market presence, positions us to set new industry benchmarks. With a promising outlook for both domestic and export markets, we remain confident in our overall business performance. I thank the entire team at Salzer Electronics for their untiring efforts and all our stakeholders for their continued support and faith in our Company.
Informational and educational content only. Not investment advice.