Electrical Equipment & Products company Salzer Electronics announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Net Revenue in Q2FY25 was Rs 344.23 crore as against Rs 280.72 crore in Q2FY24, YoY growth of 22.62%. This growth was mainly driven by higher demand for Industrial switchgear as well as wires and cable businesses mainly due to high demand products like three phase transformers, wire harness, relays and new product like contactors etc. Contribution from Exports at 29.15%, export revenue grew 3.1% YoY in Q2FY25, driven by higher sales from North and South America, Middle East and Africa and Asian countries. EBITDA (excluding other income) was Rs 35.31 crore in Q2FY25 as against Rs26.79 crore in Q2FY24, YoY growth of 31.79% on account of increased sales in the higher margin Switchgear products. EBITDA Margin for the quarter stood at 10.26%, rise of 72 bps. Profit After Tax at Rs 27.28 crore in Q2FY25 as against Rs 10.10 crore in Q2FY24, YoY growth of 170.10% H1FY25 Financial Highlights: Net Revenue in H1FY25 was Rs 701.14 crore as against Rs 569.40 crore in H1FY24, YoY growth of 23.14%, driven by business of Industrial switchgear and wire & cable business. EBITDA (excluding other income) was Rs 68.76 crore in H1FY25 as against Rs 52.87 crore in H1FY24, YoY growth of 30.05%, mainly on account of higher sales in high demand products like wire harness, relays and contactors etc. EBITDA Margin for the quarter stood at 9.81%, rise of 52 bps. Profit After Tax at Rs 42.03 crore in H1FY25 as against Rs 20.27 crore in H1FY24, YoY growth of 107.39%. PAT Margin stood at 5.99% in H1FY25 Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics, said: “During the Second quarter of the financial year, we registered a strong consolidated revenue of Rs 344.23 crore with EBITDA (excluding other income) and PAT of Rs 35.31 crore and Rs 27.28 crore, respectively. This growth was mainly driven by the higher margin switchgear business that led to margin improvement. This growth also is significant, as we are seeing a slight slowdown in the growth in India amidst global uncertanity. We have seen positive trend in decreasing raw material cost, expect this to continue which helped to improve our EBITDA Margins. We are focusing on maintaining a balanced business mix between industrial switchgear and wires & cables products to manage our overall margins. I am pleased to announce that we have received our first order for smart meteRs This achievement is a testament to our team's dedication to advancing smart metering technology. Our solution has garnered significant interest, with evaluations currently underway by at least six additional AMISPs across India. We are in advanced discussions with these partners and are optimistic about securing further ordeRs This momentum reinforces our commitment to supporting India's digital transformation in energy management through cutting-edge smart meter technology." We strive to maintain this growth trajectory to set our eyes on new summits of achievement. At Salzer, innovation is in our manifesto, and our strong product offerings and brand position in the market has placed us in a position to achieve new benchmarks for the future. Based on the domestic and export outlook, we are optimistic on 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.” Result PDF