Electrical Equipment & Products company Salzer Electronics announced Q2FY26 results Net Revenue in Q2FY26 was Rs 418.92 crore as against Rs 344.23 crore in Q2FY25, YoY growth of 21.70%. This growth was mainly driven by higher demand for Industrial switchgear and Building products division businesses mainly due to high demand products like three phase transformers, wire harness, relays and new product like contactors etc. Contribution from Exports at 23.79%. EBITDA (excluding other income) was Rs 36.57 crore in Q2FY26 as against Rs 35.31 crore in Q2FY25, YoY growth of 3.56%, on account of increased sales, especially in Switchgear and Building products segments. EBITDA Margin for the quarter stood at 8.73%. Higher input costs and initial scaling up expenses exerted pressure on margins. Profit After Tax at Rs 13.39 crore in Q2FY26 as against Rs 11.52 crore in Q2FY25. PAT Margin for the quarter stood at 3.20%. Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics, said: “During the Second quarter of the financial year, we delivered a resilient performance, reporting consolidated revenues of 418.9 crore, a growth of 21.7% YoY, driven by robust traction across our core businesses and accelerated ramp-up of the smart meter segment. Our Smart Meter business achieved sales of 22 crore during Q2, taking the total to %24 crore in the first half — reflecting our strong execution capability and growing presence in the energy management space. While the quarter witnessed margin moderation to 8.7%, largely due to higher input costs and initial scaling expenses in the new segment, we remain confident of an improvement in profitability as volumes grow and operating efficiencies strengthen in the coming quarters. The steady performance of our switchgear and wire & cable divisions, continues to be a strong backbone of our business. During the quarter, we continued to focus on operational efficiency, working capital optimization, and expanding our product portfolio in line with the evolving industry landscape. With the government’s continued push on smart metering and infrastructure modernization, Salzer is well positioned to capture long-term growth opportunities through innovation, quality, and customer-centricity. Moreover, we are proud to have been granted a patent for our ‘Disconnecting and Earthing Device for High Voltage Applications.’ This innovation is a significant step forward in enhancing safety and efficiency for traction, locomotive, and other high-voltage systems. It reflects our continued commitment to engineering excellence and developing indigenous solutions that add real value to our customers and the power industry at large. Looking ahead, we aim to sustain double-digit revenue growth for the full year with a focus on improving margins, scaling our smart metering operations, and strengthening our leadership position in the electrical and automation solutions space. 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