Salzer Electronics Q2 FY27 Revenue Up 38.4% to ₹579.77 Cr; Eyes 10% EBITDA Margin by FY28
Salzer Electronics reported Q2 FY27 consolidated revenue of ₹579.77 Cr, up 38.4% YoY. H1 FY27 revenue grew 25.32% to ₹1,077.79 Cr. EBITDA margins improved sequentially to 6.89%. The company targets ~10% EBITDA margin by FY28 and plans Saudi plant operations from April 2027.
The announcement details significant revenue growth, strategic expansion plans including international operations, new business ventures (EV charging, smart meters), and a clear path towards margin improvement, all of which are material to investors.
The company reported strong year-on-year revenue growth, sequential improvement in EBITDA margin, and provided a positive outlook with specific targets for margin improvement and expansion into new geographies and business segments.
Salzer Electronics Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue of ₹579.77 crore for Q2 FY27, marking a significant 38.40% year-on-year growth. For the first half of FY27, the consolidated revenue stood at ₹1,077.79 crore, up 25.32% year-on-year. This growth was driven by strong demand across its core business divisions: Industrial Switchgear, Wires & Cables, and Building Products.
EBITDA for the quarter was ₹39.95 crore, with a margin of 6.89%, an improvement from 6.29% in Q1 FY27. The company noted that elevated and volatile input costs, particularly for copper, silver, aluminum, and plastics, have impacted margins. Salzer Electronics is addressing this through sourcing efficiencies, product mix optimization, operational improvements, and calibrated pricing measures.
The company is actively building its emerging businesses, including energy management and EV charging. The Saudi Arabia manufacturing facility, initially planned for earlier, is now expected to commence operations in April 2027, contingent on the geopolitical situation in the Middle East.
Management expressed optimism about the underlying demand environment, supported by investments in power infrastructure, renewable energy, and industrial automation. The government's approval of the ₹1.86 lakh crore PM-DHARA scheme is also seen as a positive catalyst. Salzer Electronics aims to achieve around 10% EBITDA margins by FY28, driven by a focus on high-margin engineered products and export growth. The company is also investing in new verticals such as smart meters, with a capacity of 4 million units per annum, and has taken a strategic stake in UltraFast Chargers for the EV segment. The BBMP project for energy management is expected to provide recurring revenue visibility.
Mr. Raman Krishnamoorthy was appointed as the new CFO, effective April 1, 2026. The company's export contribution for Q2 FY27 stood at 23.60%, with plans to restore it to over 25% of the revenue mix, driven by tariff resets in the US and zero import duty in the UK, alongside local manufacturing in Saudi Arabia.
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