Salzer Electronics Q2 FY27 Revenue Jumps 38.4% to ₹579.77 Cr; Saudi Plant Targeted for April 2027
Salzer Electronics' Q2 FY27 revenue surged 38.4% YoY to ₹579.77 crore, with H1 FY27 revenue up 25.32% to ₹1,077.79 crore. EBITDA margin was 6.89%. The Saudi Arabia plant is targeted for April 2027. Mr. Raman Krishnamoorthy appointed CFO effective April 1, 2026. Management expects margin normalization from Q3/Q4 FY27.
The substantial revenue growth, clear business strategy for margin recovery, expansion into new verticals like EV charging and smart meters, and international expansion plans (Saudi Arabia facility) indicate a significant impact on the company's future performance and investor outlook.
The company reported strong year-on-year revenue growth in both Q2 and H1 FY27, along with positive commentary on demand and future outlook, despite facing raw material cost pressures. The new CFO appointment and progress on strategic initiatives also contribute to a positive sentiment.
Salzer Electronics Limited reported a significant 38.40% year-on-year increase in consolidated revenue for the second quarter of FY27, reaching ₹579.77 crore. For the first half of FY27, revenue grew by 25.32% to ₹1,077.79 crore. The company's performance was driven by strong demand in its core business divisions, including Industrial Switchgear, Wires & Cables, and Building Products.
EBITDA for the quarter stood at ₹39.95 crore with a margin of 6.89%, compared to 6.29% in Q1FY27. Management noted that elevated and volatile input costs, particularly for copper, silver, aluminium, and plastics, have impacted margins across the industry. Salzer Electronics is addressing this through sourcing efficiencies, product mix optimization, operational improvements, and calibrated pricing measures.
The company is progressing with its emerging businesses and technologies, including energy management, EV charging, and smart metering. The planned commissioning of its Saudi Arabia facility has been delayed due to unforeseen escalations in the region, with operations now expected to commence in April 2027, contingent on the Middle East situation stabilizing.
Salzer Electronics highlighted the encouraging underlying demand environment, supported by investments in power infrastructure, renewable energy, industrial automation, data centers, and electrification. The government's approval of the ₹1.86 lakh crore PM-DHARA scheme is also expected to be a positive factor. Management anticipates margins to normalize progressively from the third and fourth quarters of FY27, assuming stable raw material prices.
Mr. Raman Krishnamoorthy has been appointed as CFO, effective April 1, 2026. The company also noted its strategic stake in UltraFast Chargers and the ₹200 crore BBMP project for energy management, which provides recurring revenue visibility. Exports are targeted to reach over 25% of the revenue mix, with a focus on the US and UK markets benefiting from tariff resets and zero import duties, respectively.
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