Salasar Techno Engineering reports strong FY22 results!
The company’s overall order book as of March 31, 2022, stands at Rs 1,182 crore including EPC orders of Rs 938 crore
The leading manufacturer of telecom towers and provider of customised steel fabrication as well as infrastructure solutions in India, Salasar Techno Engineering has announced the financial results for the fourth quarter and full-year ended March 31, 2022.
Financial highlights for Q4FY22 are as follows:
The company’s revenue from operations stood at Rs 212.3 crore as compared to Rs 211.5 crore in Q4FY21. Its EBITDA stood at Rs 16 crore. EBITDA margin of 7.6 per cent declined from 9.1 per cent on account of an increase in input costs. Besides, its net profit stood at Rs 7.1 crore.
Financial highlights for FY22 are as follows:
Reported revenue from operations came in at Rs 718.9 crore, up by 20.5 per cent YoY. The company’s steel structure division and EPC project division have reported YoY revenue growth of 14 per cent & 18 per cent, respectively during the period. The steel structure division contributed 77 per cent of the total revenue in FY22. EBITDA stood at Rs 68.9 crore from Rs 57 crore, climbing 21 per cent YoY. EBIDTA margin was stable at a 9.6 per cent level. Net profit for FY22 was Rs 31.5 crore compared to Rs 29.9 crore in FY21.
The company’s overall order book as of March 31, 2022, stands at Rs 1,182 crore including EPC orders of Rs 938 crore. The heavy steel structure division has orders worth Rs 200 crore and export orders of Rs 44 crore. In addition, the company has monthly orders worth Rs 35 crore to Rs 40 crore coming from telecom and other structure.
In an exchange filing, Shashank Agarwal, Joint Managing Director, Salasar Techno Engineering stated, “Overall, the financial year of 2022 remained a challenging one for the company, keeping in view, the abnormal and unprecedented volatility in the commodity prices both for steel & zinc. Overall, the segment in which the company operates has strong growth opportunities and keeping in view the order book position, it is expecting good growth in its operations in the near future.”
On Thursday, the shares of Salasar Techno Engineering opened at Rs 241 per share and touched an intraday high of Rs 243.05 on BSE.
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