Financial Performance Highlights

Consolidated Results (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹1,758.38 crore (24% growth from ₹1,418.33 crore)
  • Profit Before Tax: ₹73.47 crore (compared to ₹74.68 crore)
  • Profit After Tax: ₹53.77 crore (2% growth from ₹52.46 crore)
  • EPS (Basic & Diluted): ₹29.94

Standalone Performance

  • Revenue from operations: ₹1,715.19 crore (24% growth from ₹1,382.92 crore)
  • Profit before tax: ₹70.42 crore (down from ₹82.45 crore)
  • Profit after tax: ₹53.83 crore (down 14% from ₹62.25 crore)
  • EPS: ₹30.44 (down from ₹35.30/₹35.21)

Segment-wise Performance

Industrial Switchgear Division (56% of revenue): ₹961.47 crore (21% growth), EBITDA margin 11.37%

Wires and Cables Division (39% of revenue): ₹666 crore (30% growth)

Building Products Division (5% of revenue): ₹87 crore (9% growth)

AGM and Dividend Details

41st AGM Date: September 12, 2026 (Video Conferencing)

Record Date: August 28, 2026

Final Dividend: ₹2.50 per equity share (25% on face value of ₹10)

Total cash outflow: Approximately ₹4.42 crore

Key Business Developments

Energy Management Business

  • Re-entered after 5 years with ₹192 crore Energy Efficiency Project from Greater Bengaluru Authority
  • Executed through Effilume Private Limited (49% stake)
  • Centralized Control and Monitoring System with LED streetlight replacement
  • Expected completion: Q2 FY27

Smart Metering Business

  • Government's Revamped Distribution Sector Scheme (₹3.04 lakh crore outlay)
  • Manufacturing capacity: 4 million meters per annum at Coimbatore
  • Technology partnership with Wirepas (Finland) for wireless mesh technology
  • Executed orders of approximately ₹45 crore in FY26

Overseas Expansion

  • Salzer Electronics Arabia Limited: Wholly owned subsidiary in Saudi Arabia
  • Manufacturing facility with proposed capex of ₹10 crore
  • Expected commercial operations: Q2/Q3 FY27
  • Focus on GCC region growth opportunities

Subsidiaries and Associates Performance

Key Subsidiaries

  • Kaycee Industries Limited (71.70%): Revenue ₹60.05 crore (13% growth), profit down 15%
  • Salzer EV Infra Private Limited (100%): Loss before tax ₹47.65 lakh
  • Salzer Electronics Arabia Limited (100%): Yet to commence operations

Entities Under Strike-off

  • Salzer Kostad EV Chargers Private Limited: Investment fully impaired
  • Salzer EMarch Electromobility Private Limited: Investment fully impaired
  • Both undergoing voluntary strike-off procedures

Associates

  • Ultra Fast Chargers Private Limited (19.70%): Share of loss ₹57.72 lakh
  • Effilume Private Limited (49.00%): Share of loss ₹66.21 lakh

Corporate Governance and Board Matters

Director Re-appointments

  • Mr. N. Rangachary as Non-Executive Non-Independent Director
  • Mr. V Sankaran as Non-Executive Non-Independent Director
  • Both require special resolution due to age over 75 years

Management Re-appointment

  • Mr. D Rajesh Kumar as Joint Managing Director for 5 years effective October 1, 2026
  • Remuneration: ₹6.50 lakh per month with annual increments, 2.5% commission on net profits

Key Audit Matters

1. Revenue Recognition under Ind AS 115: Significant judgement required in identifying performance obligations

2. Assessment of Carrying Value of Goodwill: Goodwill balance of ₹708.34 lakh required impairment testing

3. Impact of Geopolitical and Supply Chain Disruptions: Affecting critical inputs and export markets

Regulatory and Compliance Matters

  • Secretarial audit observations: 5-minute delay in NSE submission, contra trade violations with ₹4.79 lakh disgorgement
  • Credit ratings reaffirmed by CRISIL: Long-term 'CRISIL A/Stable', Short-term 'CRISIL A1'
  • Unclaimed dividends of ₹4.25 lakh transferred to IEPF along with 12,824 equity shares

Financial Position

Total Assets: ₹1,371.82 crore

Total Equity: ₹602.37 crore

Borrowings: ₹531.44 crore

Trade Receivables: ₹445.53 crore

Inventories: ₹468.35 crore

Financial Ratios

  • Debt-Equity Ratio: 0.86:1
  • Return on Equity: 9.30%
  • Inventory turnover: 87 days
  • Trade receivables turnover: 89 days
  • Net profit ratio: 3.14%

Forward-looking Statements

The documents contain cautionary statements noting that expectations are based on currently available data and operating plans, subject to future events and uncertainties that could cause actual results to differ materially.