Electrical Equipment & Products company Salzer Electronics announced Q1FY25 results: Financial Highlights: Net Revenue in Q1FY25 was Rs 356.90 crore as against Rs 288.67 crore in Q1FY24, YoY growth of 23.64%. This growth was mainly driven by higher demand for Industrial switchgear and wires & Cable business due to better market conditions EBITDA (excluding other income) was Rs 33.45 crore in Q1FY25 as against Rs 26.08 crore in Q1FY24, YoY growth of 28.26% on account of increased sales in the higher margin Switchgear products and wires & Cables business EBITDA Margin for the quarter stood at 9.37% Profit After Tax at Rs 14.76 crore in Q1FY25 as against Rs 10.17 crore in Q1FY24, YoY growth of 45.14% Commenting on this, Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics said: “During the First quarter of the financial year, we registered a revenue of Rs 356.90 crore with EBITDA (excluding other income) and PAT of Rs 33.45 crore and Rs 14.76 crore, respectively on a consolidated basis. This growth was mainly driven by industrial switchgear and wires & Cables business due to better market conditions. Our revenues from exports were largely from North and South America, and Middle East countries. We expect to continue with a similar growth trajectory with our strong product offerings and brand position in the market. Based on domestic and export outlook, we are cautiously optimistic about the overall business performance. Our strategic focus is on sustaining a well-balanced business mix between industrial switchgear and wires & cables products to effectively improve the overall gross margin. We are planning to establish a wholly owned subsidiary in Saudi Arabia. Currently we exporting to major OEMs in Saud Arabia. The Saudi government's local content rule has increased demand for locally made products. The market for key products, including cable ducts, terminal connectors, and rotary cam switches, shows significant growth potential. Setting up a facility in Saudi Arabia will meet local demand and provide duty-free access to other GCC countries. Additionally, the company plans to introduce wires and cables in the second year to further expand its market presence. 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