Salzer Electronics Limited has informed the Exchange regarding a press release dated November 01, 2025, titled "Media release on results of Q2FY26 of the company".
SALZERELEC · price
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Awaiting price reaction for this filing.
Salzer Electronics posted 21.7% year-on-year growth in consolidated revenue for Q2 FY26 at Rs. 418.92 crore, driven mainly by a 24.6% jump in Industrial Switchgear and 25.4% growth in the Building Products division. Profit after tax rose 16.24% YoY to Rs. 13.39 crore, while EBITDA grew only 3.56% to Rs. 36.57 crore as margins slipped to 8.73% from 10.26% due to higher input costs and scaling expenses in the new Smart Meter segment. For H1 FY26, revenue grew 22.66% to Rs. 860.03 crore and PAT rose 16.52% to Rs. 30.61 crore. The Smart Meter business accelerated to Rs. 22 crore in Q2 (Rs. 324 crore in H1 FY26), and the company secured a new patent for a high-voltage disconnecting and earthing device aimed at traction and locomotive applications. Exports contributed 23.79% of Q2 revenue, growing 7% YoY in H1 led by Europe and Asia.
Strong top-line growth and a fast-scaling Smart Meter business are positives, but the sharp drop in EBITDA margin and decline in sequential revenue (down 5% versus Q1 FY26) may weigh on near-term sentiment. Investors will likely watch margin recovery in upcoming quarters as Smart Meter volumes ramp up.