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12-Nov-2024

Salzer Electronics

Net jumps 173% largely on good operating show and higher other income


'Consolidated net sales (including other operating income) of Salzer Electronics  for the quarter ended Sep 2024 has increased 22.62% to Rs 344.23 crore.  . This growth was mainly driven by higher demand for Industrial switchgear as well as wires and cable businesses mainly due to high demand products like three phase transformers, wire harness, relays and new product like contactors etc.   Exports a  revenue grew 3.1% YoY in Q2 FY25, driven by higher sales from North and South America, Middle East and Africa and Asian countries. Operating profit margin has jumped from 9.54% to 10.25%, leading to 31.77% rise in operating profit to Rs 35.30 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 76.12% to 74.15%.   Employee cost increased from 4.03% to 4.06%.   Other expenses rose from 10.24% to 11.82%.   

Other income rose 5,289.66% to Rs 15.63 crore.  PBIDT rose 88.07% t...



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