This leading Indian manufacturer of electrical installation products and components is in focus after receiving an order worth Rs. 192 Crore from BBMP for the Energy Efficiency Project in Bengaluru.
With a market capitalisation of Rs. 1,892 Crore, the stock of Salzer Electronics opened at Rs. 1,054, around the same level as yesterday’s close, but after opening, it made a high of Rs. 1,085.35, up 3.05 percent. Additionally, the Yearly return for the stock is 41 percent, and the past 5-year return is an impressive 1,658 percent.
Update from the Company
Salzer Electronics Limited has secured a Rs. 192 crore work order from the Bruhat Bengaluru Mahanagara Palike (BBMP) for the implementation of an Energy Efficiency Project in Bengaluru. The project involves the installation of a Centralised Control and Monitoring System (CCMS) and the replacement of existing conventional streetlights with energy-efficient LED lamps across the East Zone and parts of the Bommanahalli Zone.
The Project will be executed in collaboration with Schnell Energy Equipment Pvt. Ltd., with an expected completion timeline of eight months and a payment schedule spread over 84 months.
This marks Salzer’s re-entry into the Energy Saver Project space under its Energy Management Services division after five years. The project will be implemented using Salzer’s in-house developed Energy Management System, showcasing its strong R&D and innovation capabilities. A Special Purpose Vehicle (SPV) will be created jointly with Schnell for project execution and ongoing management.
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About the Company
Established in 1985 and headquartered in Coimbatore, Salzer Electronics Limited is a leading Indian manufacturer of electrical installation products and components. The company offers a wide range of products, including CAM-operated rotary switches, wiring ducts, terminal connectors, copper wires and cables, load break switches, and energy management solutions.
Salzer caters to diverse industries such as power, industrial automation, automotive, renewable energy, and electrical equipment. With five advanced in-house manufacturing facilities, Salzer ensures stringent quality control and innovation across its product lines.
The company reported a 27.48 percent YoY increase in revenue from Rs. 262 Crore in Q3FY24 to Rs. 334 Crore in Q3FY25. On a QoQ basis, the company reported a minimal decrease of 0.59 percent in revenue from Rs. 336 Crore in the previous quarter.
Their Net profit saw an increase of 25 percent YoY from Rs. 12 Crore to Rs. 15 Crore for the same period. On a QoQ basis, the company reported a decrease of 42.30 percent in Net profit from Rs. 26 Crore in the previous quarter.
Written By Abhishek Das
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