ALFA Finder| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | ₹579.77 Cr, up 38.4% YoY; H1 growth at 25.3%. |
|---|---|
| Margins | EBITDA margin at 6.89% vs 8.73% YoY; recovery expected in H2. |
| Demand visibility | Strong visibility in power infra, renewables, and industrial automation segments. |
| Management confidence | Balanced, but defensive regarding margin lag and rising debt levels. |
Growth
Strong revenue growth driven by industrial switchgear and wires; exports grew 11% in absolute terms.
Outlook
Targeting ₹2,100 Cr revenue for FY27; EBITDA margins expected to reach 8% by year-end.
Risks
Escalating debt levels (0.92 D/E) and delayed smart meter execution (₹3Cr revenue) remain key concerns.
Last quarter's promises, checked
Delivered
- Q2 margin 'better than Q1' (Q1 6%) → 6.89% (= BEAT)
- Switchgear growth 23–25% → 23.8% (= BEAT)
- W&C +11% Q1 'continue' → +57.5% (= BEAT)
Partly delivered
- Saudi plant start Sep–Oct 2026 → 'slow start' reported (= PARTIAL)
- Minimal FY27 capex → ₹15Cr Saudi capex; D/E 0.92 (= PARTIAL)
Missed
- FY27 EBITDA 10% → cut to 8–8.5%; current qtr 6.89% (= MISS)
- Export share 19%→25% medium term → exports +11% vs revenue +38.4% (= MISS)
- RM pass-through <2 months → margin lag persists (= MISS)
Earnings Call Transcript filed with NSE, NSE: SALZERELEC. Summary written with AI assistance from the document.
Salzer Electronics Ltd: key numbers
- Share price
- ₹543.80
- Market cap
- ₹961.6 Cr
- Revenue (annual)
- ₹1,758 Cr
- Net profit (annual)
- ₹52.94 Cr
- P/E (TTM)
- 21.3×Sector 42.6×
- 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.
More from Salzer Electronics Ltd
All →Salzer Electronics Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹579.77 Cr (+38.4% YoY), PAT ₹14.87 Cr (+11.1%), but EBITDA margin fell 184 bps to 6.89%. H1 PAT down 24%.
- Call
- Guides 100% growth
Salzer Electronics Results Update
Salzer Electronics reported Q2 FY27 revenue of ₹579.77 Crore, up 38.40% YoY, and PAT of ₹14.87 Crore. Saudi Arabia facility operations now expected from April 2027.
Salzer Electronics Q2 FY27 Results: Net Profit ₹14.9 Cr, Up 11.2% YoY
Salzer Electronics Ltd reported revenue from operations of ₹579.8 Cr (+38.4% YoY) and net profit of ₹14.9 Cr (+11.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹14.9 Cr · +11.2% YoY
Salzer Electronics Board Meeting Date
Salzer Electronics Limited intimated a board meeting on 12 November 2026 to consider unaudited standalone and consolidated half-yearly results for September 2026. The trading window closes from 1 October to 14 November 2026.
Salzer Electronics Other Announcement
Salzer Electronics Limited submitted the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. This is routine compliance.
Salzer Electronics Annual General Meeting
Salzer Electronics held its 41st Annual General Meeting on September 12, 2026, where shareholders approved financial statements and the declaration of a dividend.