Salzer Electronics Reports 24.57% Revenue Growth in Q1, Driven by Strong Industrial Switchgear and Wires & Cables Demand 7 days ago
Salzer Electronics Limited reported robust Q1 financial results with standalone net revenue of Rs. 432.41 crore, up 24.57% year-on-year. EBITDA grew by 32.15% to Rs. 41.31 crore, and PAT increased by 32.81% to Rs. 17.59 crore. The Industrial Switchgear segment contributed 54.58% to total revenues, growing 31.25% year-on-year. Exports accounted for 24.21% of total revenue, showing 14% growth. The company secured a Rs. 50 crore order for Smart Meters and sold 40 DC Fast EV Chargers, marking progress in new business areas.
Salzer Electronics Reports Robust Q1 Performance with 24% Revenue Growth 8 days ago
Salzer Electronics Secures Major ₹50 Crore Order for Smart Meters, Boosting Its Position in Energy Infrastructure
Salzer Electronics Limited has received a ₹50 crore order for smart energy meters from a major Advanced Metering Infrastructure Service Provider in India. This repeat order follows a previous ₹5 crore contract and aligns with the government's Revamped Distribution Sector Scheme. Salzer's new manufacturing facility can produce 4 million Smart Meters annually, positioning the company well to meet growing demand in India's energy infrastructure sector.