Synopsis: This small cap announced its Q2 results and the management is looking forward to funding options.
The shares of this company, engaged in manufacturing and selling Galvanized Steel Structure, and executes Engineering, Procurement, and Construction (EPC) projects, came into focus after their strong Q2 results.
Salasar Techno Engineering Ltd’s shares, with market capitalization of Rs.1,764.76 Crore, on Monday has made a day high of Rs.10.46 per share, up by 9.5 percent from its previous day’s close price of Rs.9.55 per share. The company has given a 351.98 percent return over a period of five years.
QoQ View
Revenue from operation stands at Rs. 427 crore in Q2 FY26 compared to Rs. 300 crore in Q1 FY26, a growth of 42 percent QoQ. EBIDT grew by 40 percent, to Rs. 41.9 crore in Q2 FY26 from Rs. 29.9 crore in Q1 FY26. In addition, Net profit for Q2 FY26 is Rs. 16 crore from Rs. 8.79 crore in Q1 FY26, a growth of 82 percent QoQ.
YoY View
Revenue from operation stands at Rs. 427 crore in Q2 FY26 compared to Rs. 281 crore in Q2 FY25, a growth of 52 percent YoY. EBIDT grew by 63 percent, to Rs. 41.9 crore in Q2 FY26 from Rs. 25.6 crore in Q2 FY25. In addition, Net profit for Q2 FY26 is Rs. 16 crore from Rs. 9.68 crore in Q2 FY25, a growth of 64 percent YoY.
Business Highlights:
In Q2 FY26, the Board granted the general authorization to Mr. Shashank Agarwal, Managing Director of the Company, to explore & arrange funding options for working capital, Capital expenditure and Future growth, and place suitable proposals for the board consideration & approval.
About the company
Incorporated in 2001, Salasar Techno Engineering Ltd is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment.
Its products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures and customized galvanized & non-galvanized steel structures. Its services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.
The company operates with a ROCE of 11 percent and ROE of 4.10 percent, reflecting an inefficient allocation of resources and EPS of Rs. 0.09 a growth of 50 percent growth YoY.
Written by Gourav Pratap SIngh
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