Financial Performance Highlights

For Quarter Ended March 31, 2026 (Q4 FY26):
  • Net Revenue: ₹474.14 crore, up 26.19% YoY from ₹375.73 crore in Q4 FY25
  • EBITDA (excluding other income): ₹31.26 crore, up 7.25% YoY from ₹29.15 crore
  • EBITDA Margin: 6.59% (117 bps decline from 7.76% in Q4 FY25)
  • Profit After Tax (PAT): ₹10.47 crore, down 4.14% YoY from ₹10.92 crore
  • PAT Margin: 2.21% (70 bps decline from 2.91% in Q4 FY25)
  • Basic EPS: ₹5.81, down 6.14% YoY from ₹6.19
  • Export Contribution: 15.60% of total revenue
For Year Ended March 31, 2026 (FY26):
  • Net Revenue: ₹1,758.38 crore, up 23.98% YoY from ₹1,418.33 crore in FY25
  • EBITDA (excluding other income): ₹147.06 crore, up 9.83% YoY from ₹133.90 crore
  • EBITDA Margin: 8.36% (108 bps decline from 9.44% in FY25)
  • Profit After Tax (PAT): ₹53.77 crore, up 2.49% YoY from ₹52.46 crore
  • PAT Margin: 3.06% (64 bps decline from 3.70% in FY25)
  • Basic EPS: ₹29.94, down 15.18% YoY from ₹35.30
  • Export Contribution: 21.06% of total revenue (driven by higher sales from Europe)

Business Division Performance (Q4 FY26):

Industrial Switchgear Division:
  • Product portfolio: Toroidal Transformers, Three phase transformers, Rotary Switches, Isolators, General Purpose relays, Wire Harness, Wiring Ducts, MPCB's, Contactors & OLR's, Control Panels, Terminal Blocks, and Sensors
  • Growth: 14.91% YoY
  • Revenue Contribution: 51.26% of total revenues
  • EBITDA Margin: 8.30%
Wire & Cables Division:
  • Product portfolio: Wires & Cables, Flexible Bus Bars, Enamelled Wires, Bunched Conductors and Tinned Copper Wires
  • Growth: 42.03% YoY
  • Revenue Contribution: 42.80% of total revenues
  • EBITDA Margin: 4.37%
Building Products Division:
  • Product portfolio: Modular Switches, Wires & Cables, MCB's Distribution Boards and Changeovers
  • Growth: 36.04% YoY
  • Revenue Contribution: 5.94% of total revenues

Dividend Declaration

  • Board recommended dividend of ₹2.50 per equity share (face value of ₹10 each) for FY26
  • Subject to shareholders' approval

Strategic Developments

  • Signed Memorandum of Understanding with Wirepas, a Finland-headquartered global leader in wireless mesh technology integration
  • Partnership aims to integrate Wirepas Certified platform into Salzer's smart electricity meters
  • Focus on developing next-generation metering solutions for utilities

Management Commentary

Mr. Rajesh Doraiswamy, Joint Managing Director, cited:

  • Strong operational progress despite challenging macroeconomic environment and commodity price volatility
  • Margin moderation in Q4 due to higher input costs and initial scaling expenses in new segments
  • Confidence in profitability improvement as volumes grow and operating efficiencies strengthen
  • Optimism on long-term opportunities from industrial automation, energy efficiency, smart infrastructure, renewable energy integration, railways, data centres, and smart electrical ecosystems

Company Overview

  • Capital goods engineering company offering total and customized electrical solutions
  • Largest manufacturer of CAM Operated Rotary switches & Wire Ducts in India
  • Four in-house manufacturing facilities in Coimbatore
  • Wide distribution network locally and globally
  • Markets products through own distributors and more than 350 local distributors of L&T
  • Strong R&D team focused on developing and commercializing product technologies