Q3FY18 Results: Salzer Electronics posts superlative PAT growth
Salzer Electronics reported standalone revenue for the quarter at Rs. 110.69 crore, registering 10.5 per cent yoy increase.
EBITDA for the quarter rose by 39.4 per cent yoy to Rs. 13.47 crore with a corresponding margin expansion of 253 bps. EBITDA margin for the quarter stood at 12.2 per cent. The PAT for the quarter came in at Rs. 5.28 crore, yoy increase of 57.6 per cent. This was also due to lower effective tax rate of 32.8 per cent in the quarter as against 37.5 per cent in corresponding quarter of last year.
Post announcement of this stellar quarterly performance, the stock of Salzer Electronics shot up and was trading at Rs. 211.7 per share (at 2.50 pm.), up by almost 5 per cent from previous close of Rs. 203.
Salzer Electronics Limited is engaged in the business of computer-aided manufacturing operated rotary switches, and wires and cables. The Company has four segments which include Industrial Switchgear, Copper Business, Building Segment and Energy Savers.