Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Salzer Electronics Ltd announces Q3, 9M FY19 results

Posted On: 2019-02-09 13:17:26

Salzer Electronics Limited (BSE: 517059, NSE: SALZERELEC), among leading players offering total and customised electrical solutions, announced its unaudited financial results for the third quarter and nine months ended 31st December 2018. These financials are as per the IND AS accounting guidelines.

- 9M FY19 Net Revenue at Rs. 404.7 crore increase of 28% YoY - mainly driven by wires & cables and building segments

- 9M FY19 EBITDA at Rs 46.8 crore - YoY growth of 27% - growth across all business segments

- 9M FY19 Profit After Tax at Rs. 15.6 crore - YoY growth of 3%

- Received prestigious ISO TS 16949 certification for magnetics and wires & cables business divisions

Commenting on the results, Mr. Rajesh Doraiswamy, Joint Managing Director and Chief Financial Officer, Salzer Electronics Ltd said: "This nine months FY19, we have demonstrated revenue growth of 28% YoY, on account of higher contributions from wires & cables and building product segments, despite a challenging industry scenario and rising cost of raw materials.

Throughout the nine months FY19 our products namely three phase dry type transformers, wire harness along with our legacy product of cam operated rotary switches has shown good traction in the industrial switch gears segment and we have been able to increase our sales of Modular Switches, MCB's Distribution Boards, Changeovers, wires & cables which has helped us grow in India.

We continually focus on adding new high margin products under our product portfolio, reach out newer geographies and offer total customized solutions to our customers. Our focus also remains on new opportunities for technical associations/acquisition to further strengthen our base of product offerings."

Shares of SALZER ELECTRONICS LTD. was last trading in BSE at Rs.116.7 as compared to the previous close of Rs. 111.9. The total number of shares traded during the day was 7558 in over 145 trades.

The stock hit an intraday high of Rs. 122.3 and intraday low of 108. The net turnover during the day was Rs. 896995.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Control Print Ltd board approves interim dividend of Rs.3.5 for 2019-20

TVS Motor Company forays into electric mobility with connected and advanced technology scooter 'TVS iQube Electric'

PSP Projects Limited receives work orders of Rs. 357.90 crores

Prabhat Technologies India Ltd updates on inadvertent trading done in shares of promoter

Control Print Ltd consolidated Q3 net profit higher at Rs. 8.81 crore

Chemcrux Enterprises Limited receives award at 4th IPF Industrial Excellence Awards

Pondy Oxides & Chemicals Ltd reports QoQ jump in PAT

DCB Bank Ltd Q3 net profit climbs to Rs. 96.70 crore

CRISIL updates on rating of Jindal Drilling Industries Ltd

SKP Securities Ltd consolidated net profit at Rs. 0.05 crore in Q3

Muthoot Capital Services Ltd Q3 net profit up QoQ to Rs. 18.95 crore

APL Apollo Tubes Ltd consolidated Q3 FY20 net profit surges to Rs. 74.26 crore

Siyaram Silk Mills Ltd consolidated Q3 net profit slides to Rs. 7.63 crore

Indo Cotspin Ltd Q3 net profit at Rs. 0.0334 crore

ICICI Bank Ltd reports consolidated PAT at Rs. 4670.10 crores

Muller & Phipps India Ltd Q3 net profit at Rs. 0.03 crore

Bhageria Industries Ltd posts PAT of Rs. 17.74 crores in Q3

Maruti Suzuki NEXA rolls out Stylish and Sporty Ciaz S

Cybele Industries Ltd Q3 loss at Rs. 0.90 crore

IndiGo launches direct connection between Delhi and Bangkok

mBAJA & eBAJA Design and Technical Evaluation and Dynamic Events held today for BAJA SAEINDIA 2020

Wendt India Ltd announces Q3, 9MFY20 results

ABM Knowledgeware Ltd Q3 consolidated net profit slips to Rs. 3.08 crore

Prestige Estates Projects Ltd consolidated Q3 net profit climbs to Rs. 161.8 crore

EIH Ltd Q3 net profit higher QoQ, YoY

Bank of Baroda reports loss in Q3 FY2020

Eldeco Housing and Industries Ltd announces Q3, 9MFY20 results

BEML CMD gets Most Admired Leader Award

Siemens Ltd to acquire 99.22% in C&S Electric Ltd for Rs. 2100 crore

VST Tillers Tractors Ltd enters into MOU with Zetor Tractors

NHPC declared successful resolution applicant for Jalpower Corporation Ltd

L&T raises Rs. 1000 crore through 6.72% NCDs

Solapur Tollways Pvt Ltd receives completion certificate for part of NH-9 project

Cipla gets 4 observations from USFDA for API facility at Bommasandra, Bangalore

ALLSEC Technologies Ltd consolidated Q3 FY20 net profit at Rs. 8.55 crore

Wendt India Ltd Q3 consolidated PAT falls to Rs. 2.20 crore

Faze Three Autofab Ltd Q3 net profit at Rs. 0.48 crore

Emkay Global Financial Services Ltd Q3 loss at Rs. 1.41 crore

ION Exchange India Ltd consolidated Q3 PAT higher at Rs. 26.31 crore

Shree Bhavya Fabrics Ltd posts net profit of Rs. 0.77 crore in Q3

Mangalam Drugs & Organics Ltd Q3 PAT jumps to Rs. 1.65 crore

ARO Granite Industries Ltd Q3 net profit at Rs. 0.65 crore

JSW Steel Ltd consolidated Q3 PAT declines to Rs. 211 crores

Udaipur Cement Works Ltd posts PAT of Rs. 0.97 crore in Q3

Strides announces successful completion of US FDA inspection at its Alathur facility with Zero 483 observations

Sonata Software Ltd reports Rs.75.86 crores net profit in Q3 FY20

Oriental Hotels Ltd posts consolidated PAT of Rs. 7.31 crore

Kirloskar Ferrous Industries Ltd Q3 PAT increases QoQ to Rs. 23.33 crore

Indian Bank reports Q3 net profit of Rs. 247.16 crore

Sunil Agro Foods Ltd posts net profit of Rs. 0.14 crore in Q3







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019