counter dipped nearly 11% in todayâ€™s trade at Rs172.80 on National Stock Exchange as the company posted its results for the quarter and financial year ended March 31, 2022.
Its Net Revenue in Q4FY22 was Rs228.02 crore as compared to Rs189.69 crore in Q4FY21, yoy growth of 20.21%, on account of an increase in volumes coupled with higher product prices.
EBITDA (excluding other income) was Rs12.89 crore in Q4FY22 as against Rs16.16 crore in Q4FY21, down by 20.26% yoy.
Profit After Tax was reported at Rs3.83 crore in Q4FY22 as against Rs6.99 crore in Q4FY21, registering a decline of 45.25% yoy.
EBITDA margin for the quarter stood at 5.65%, logging a decline of 287 bps, mainly due to the continued rise in raw material prices, coupled with freight and other costs. However, Company is slowly passing on the price increase to end customers.
For the year ended March 31, 2022, Net Revenue stood at Rs783.63 crore as compared to Rs605.62 crore in FY21, up by 29.39% yoy on the back of strong demand for industrial switchgear products.
EBITDA (excluding other income) stood at Rs63.78 crore in FY22 as compared to Rs61.79 crore in FY21, a growth of 3.22% yoy. Profit After Tax was at Rs22.48 crore in FY22 as compared to Rs20.67 crore in FY21, up by 8.75% yoy.
Salzer Electronics is currently trading at Rs173.35 down by Rs20.3 or 10.48% from its previous closing of Rs193.65 on the BSE. The scrip opened at Rs185 and hit intraday high and low of Rs185 and Rs170.10 respectively.