Q1 2025 Salzer Electronics Ltd Earnings Call Transcript
Key Points
- Revenues increased by 24% year-on-year to INR 357 crores, driven by higher demand for Industrial Switchgear and Wire & Cable businesses.
- Export revenue share grew by nearly 37% year-on-year, contributing to 26% of total revenue.
- EBITDA excluding other income grew by 28% year-on-year to INR 33 crores, with an EBITDA margin increase of 34 basis points to 9%.
- Profit after tax grew by 45% year-on-year to INR 15 crores.
- The Switchgear division, contributing 52% of total revenues, saw a 26% year-on-year growth with an EBITDA margin improvement of 160 basis points.
- The Building Products division, contributing only 5% to revenues, is facing challenges due to higher sales outstanding and team reorganization.
- Resistance to Smart Meters in some areas and potential delays in installation by AMISPs could pose challenges.
- The cost of manufacturing in the planned Saudi Arabia subsidiary is expected to be higher, potentially affecting margins.
- The Wire & Cable business, despite contributing 43% to revenues, has an EBITDA margin of only 5%, indicating lower profitability.
- The company is still in the development and testing stage for EV Chargers, with no significant updates or progress reported.
Ladies and gentlemen. Good day, and welcome to Salzer Electronics Limited Q1 FY25 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to from Poonam Sanghavi from Progressive Shares. Please, go ahead.
Good afternoon, everyone. On behalf of Progressive Shares, I welcome you all to the Q1 FY25 Post-Earnings Conference Call of Salzer Electronics Limited. This conference call many contain forward-looking statements, which are based on the beliefs, opinions and expectations of the company as of the date of this call. These statements are not guarantee of future performance and may involve risks and uncertainties that are difficult to predict.
I now invite Mr. Savli Mangle for the opening remarks to be followed by a question-and-answer session. Over to you, ma'am.
Good afternoon, everyone, and thank
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