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Coimbatore

Salzer Electronics reports 30 percent y-o-y growth in revenue

Covai Post Network

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The Coimbatore city-based Salzer Electronics Limited, a brand offering total and customised electrical solutions, has reported revenue of Rs.90.2 crores from operations for the quarter ending December 31, 2015 of the current financial year, against Rs.69.4 crores in the corresponding previous period – a year-on-year growth of 30 percent.

Exports have contributed to 29 percent of revenues.

Of its total revenue, industrial switchgears contributed 48 per cent with y-o-y growth of 10 percent; buildings products contributed 5 percent, a decline of 25 percent y-o-y; copper business, 36 per cent, with y-o-y growth of 41 percent; and energy management, 11 percent, with y-o-y growth of over 789 per cent.

The company’s Profit after Tax (PAT) was at Rs.3.4 crores, against Rs.2.2 crores in the previous third quarter, with a growth of 56.6 per cent year on year.

The revenue from operations during the first nine months of the financial year was Rs.262.3 crores, against Rs.205.9 crores in the corresponding previous period, registering a growth of 27.4 percent.

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