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Salzer Electronics Limited, a capital goods engineering company specialising in electrical solutions, has reported strong financial results for the second quarter (Q2) and half year (H1) ended 30 September 2025.
The company announced a resilient performance, marked by over 21.70% year-on-year (YoY) growth in consolidated quarterly revenues and accelerated traction in its smart meter business.
Salzer Electronics reported consolidated revenues of ₹418.9 crore in Q2 FY26, representing a significant 21.70% growth compared to ₹344.23 crore recorded in Q2 FY25.
This growth helped propel the H1 FY26 net revenue to ₹860.03 crore, an increase of 22.66% YoY.
Profit After Tax (PAT) for Q2 FY26 stood at ₹13.39 crore, reflecting a solid 16.24% YoY increase from ₹11.52 crore in Q2 FY25.
The company’s EBITDA (excluding other income) for the quarter was ₹36.57 crore, achieving 3.56% YoY growth. The EBITDA Margin, however, moderated to 8.73% for the quarter.
Mr. Rajesh Doraiswamy, Joint Managing Director, acknowledged the margin pressure: “While the quarter witnessed margin moderation to 8.7%, largely due to higher input costs and initial scaling expenses in the new segment, we remain confident of an improvement in profitability as volumes grow and operating efficiencies strengthen in the coming quarters”.
The robust revenue performance was primarily driven by strong traction across core businesses.
The Industrial Switchgear division saw a 24.6% YoY surge, while the Building Product Division grew by 25.4% YoY.
Specifically, high demand for products like three-phase transformers, wire harness, relays, and new products such as contactors boosted the results. The Industrial Switchgear division was the largest contributor, accounting for 63.11% of total revenues in Q2 FY26.
A key driver of future growth is the accelerating Smart Meters Business. Salzer’s Smart Meter business achieved sales of ₹22 crore during Q2 FY26, bringing the total H1 FY26 smart meter sales to ₹24 crore.
New Patent Bolsters High-Voltage Portfolio:
Further strengthening its position in the energy sector, Salzer Electronics announced that it was granted a patent for its innovative product titled “Disconnecting and Earthing Device for High Voltage Applications”.
Mr. Doraiswamy highlighted the importance of this achievement: “This innovation is a significant step forward in enhancing safety and efficiency for traction, locomotive, and other high-voltage systems. It reflects our continued commitment to engineering excellence and developing indigenous solutions”.
The new product is specifically designed for high-voltage power networks where compact installation and safe maintenance are critical.
The disclosure was filed pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. K M Murugesan, Company Secretary, signed the intimation on behalf of SALZER ELECTRONICS LTD.
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