Filing of Transcript of Earning Call post held on 26.05.2026
SALZERELEC · price
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Salzer Electronics reported Q4 FY26 revenue of INR 474 crore (up 26% YoY) with EBITDA margin of 7% and PAT of INR 10 crore. Full year FY26 revenue was INR 1,758 crore (up 24% YoY) with 8% EBITDA margin and PAT of INR 54 crore. The company faced margin pressure due to commodity price increases (plastics, copper, silver) impacting margins by 2-3%, which led to price increases in February 2026 and another planned for June 2026. Management guided for FY27 revenue of INR 2,000-2,100 crore and EBITDA margin of 9-9.5%. Key growth drivers include industrial switchgear (56% of revenue), wires and cables (39%), and new businesses like smart metering and EV charging.
The company faces near-term margin pressure in Q1 FY27 due to commodity cost increases but expects stabilization from Q2 with planned price hikes. High debt levels (30% of revenue vs target 25%) and low-margin wires and cables business continue to concern investors, though management committed to improving shareholder value.