Salzer Electronics reports strong Q2 FY26 revenue growth, smart meters boost performance

Salzer Electronics Limited announced a strong financial performance for Q2 FY26, with consolidated revenues reaching ₹418.9 crore, marking 21.7% year-on-year growth. This surge was primarily fueled by robust traction in its core businesses and an accelerated ramp-up in the smart meter segment, which contributed ₹22 crore in Q2 alone, bringing the first-half total to ₹24 crore. Despite a moderation in EBITDA margin to 8.7% due to higher input costs and initial scaling expenses in the new segment, the company remains confident in future profitability improvements through volume growth and operational efficiencies.

For H1 FY26, consolidated net revenue increased by 22.66% year-on-year to ₹860.03 crore, with EBITDA (excluding other income) growing by 13.92% to ₹78.33 crore. Profit after tax for H1 FY26 also saw a notable increase of 16.52% to ₹30.61 crore. The company’s Industrial Switchgear segment accounted for 58.7% of H1 FY26 net revenues, while Wires & Cables contributed 36.4%. Exports constituted 24.0% of the revenue in H1 FY26.

The company is focused on operational excellence, margin improvement through high-margin products and exports, and expanding product verticals through in-house R&D and strategic alliances. Salzer also highlights its commitment to ESG initiatives, including a significant reduction in carbon emissions and a target for Net Zero Emission by 2030.