| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 13% YoY growth to 498 Crores; driven by industrial switchgear. |
|---|---|
| Margins | Down to 6% from 9.5% due to copper and silver inflation. |
| Demand visibility | Strong domestic demand from infrastructure, power distribution, and data centers. |
| Management confidence | Cautious; acknowledging significant margin pressure and lowering annual targets. |
Growth
Revenue grew to 498 Cr, driven by 11% growth in wire/cables and 48% in building products.
Outlook
EBITDA guidance lowered from 10% to 8-8.5% for FY27; Saudi plant revenue expected FY28.
Risks
Sharp margin contraction from 9.5% to 6% due to raw material lag; high working capital days.
Last quarter's promises, checked
Delivered
- Guided 25% revenue mix for exports → delivered 24% (= BEAT)
- Guided 55/40/5 revenue mix → delivered 51/43/6 (= BEAT)
Partly delivered
- Guided 25% revenue growth for FY27 → delivered 13% in Q1 (= PARTIAL)
- Guided debt reduction to 25% of revenue → working capital remains high (= PARTIAL)
Missed
- Guided 9.5-10% EBITDA margin for FY27 → delivered 6% in Q1 (= MISS)
- Guided Saudi operations start Sept/Oct 2026 → delayed to Q3 FY27 (= MISS)
Earnings Call Transcript filed with BSE, NSE: SALZERELEC. Summary written with AI assistance from the document.
Salzer Electronics Ltd: key numbers
- Share price
- ₹552.10
- Market cap
- ₹976.3 Cr
- Revenue (annual)
- ₹1,758 Cr
- Net profit (annual)
- ₹52.94 Cr
- P/E (TTM)
- 22.3×Sector 44.3×
- Promoter holding
- 37.48%+0.00% QoQ
- FII holding
- 5.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Call
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