Salasar Techno Engineering Ltd. News, Corporate filings and Earnings/Conference Calls

Construction & Engineering company Salasar Techno Engineering announced Q3FY25 results Revenue from Operations for Q3FY25 stood at Rs 3,751.8 million, marking a 23.5% YoY growth compared to Rs 3,038.8 million in Q3FY24. Sequentially, revenue grew by 33.3%, up from Rs 2,814.9 million in Q2FY25. EBITDA was Rs 317.2 million for Q3FY25, compared to Rs 374.6 million in Q3FY24, reflecting a decline.Sequentially, it grew by 23.6% from Rs 256.6 million in Q2FY25. PAT for Q3FY25 was Rs 119.4 million, down 28.8% from Rs 167.6 million in Q3FY24.Quarter-on-Quarter, PAT improved significantly from Rs 96.8 million in Q2FY25 Management commentary: We are pleased to present the consolidated financial and operational performance for the third quarter. These strong results reflect our ongoing focus on execution and strategic growth. During this period, our revenue increased by 23.5% to Rs 3,751.8 million in Q3FY25 compared to Rs 3,038.8 million in Q3FY24. This significant growth in our top line is attributed to the successful execution of our order book. Moreover, our EBITDA for Q3FY25 stood at Rs 317.2 million as compared to Rs 374.6 million in Q3FY24. While, PAT for Q3FY5 was Rs 119.4 million as compared to Rs 167.6 million Q3FY24. For 9MFY25, revenue grew by 13.0% to Rs 9,506.7 million, compared to Rs 8,411.0 million in 9MFY24. EBITDA stood at Rs 855.7 million in 9MFY25 as compared to Rs 859.6 million in Q3FY24. While, PAT for 9MFY25 was at Rs 321.1 million as compared to Rs 359.6 million in 9MFY24. Additionally, the acquisition with EMC limited approved by National Company Law Tribunal (NCLT), significantly enhances our position in the EPC sector, leveraging EMC's expertise in handling complex projects and expanding our operational capacity. The inclusion of EMC's prime properties and its solar power plant, supported by a Power Purchase Agreement with NTPC, provides us with valuable strategic assets and a reliable income stream from renewable energy. This move not only strengthens our market reach and operational capabilities but also boosts our financial stability, positioning us for continued growth and success in the competitive EPC landscape. In addition to the acquisition, we are also excited about the strategic merger with Hill View Infrabuild, which aligns with our vision for the future. This merger is designed to streamline operations, consolidate resources, and expand technical expertise, enabling us to undertake larger, more ambitious projects in the engineering and infrastructure sectors. By reinforcing financial stability and broadening our capabilities, we are positioning ourselves for sustained success in the evolving EPC landscape. On the industry front, the transmission and distribution infrastructure sector is experiencing unprecedented growth, fueled by renewable energy investments and the ambitious National Electricity Plan (NEP). We are uniquely poised to lead the charge in revolutionizing energy networks, with our expertise in designing, fabricating, and deploying cutting-edge power transmission towers and EPC solutions.From cross-border interconnections to advanced technologies like hybrid substations and dynamic line rating, our innovative approach and end-to-end capabilities align perfectly with the industry's evolving demands. As rural electrification and green energy projects gain momentum, we stand ready to shape the future of sustainable infrastructure, driving growth and market leadership Looking ahead, we remain steadfast in our commitment to delivering exceptional engineering and construction solutions to our customers while fostering sustainable growth for our stakeholders. We will continue to invest in our network, technology, and explore new opportunities for growth and innovation. We would like to express our sincere gratitude to our entire team for their unwavering dedication and support, standing tall with us through every challenge. Together, we look forward to achieving even greater success and driving a lasting impact in the industry." Result PDF

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Salasar Techno Engineering Ltd. News, Corporate filings and Earnings/Conference Calls

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