Salzer Electronics Ltd Share Price – NSE  /  BSE

Capital Goods - Electrical Equipment, Small Cap

Net profit of Salzer Electronics rose 28.03% to Rs 13.20 crore in the quarter ended December 2023 as against Rs 10.31 crore during the previous quarter ended December 2022. Sales rose 10.08% to Rs 270.35 crore in the quarter ended December 2023 as against Rs 245.60 crore during the previous quarter ended December 2022.

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Salzer Electronics will hold a meeting of the Board of Directors of the Company on 8 February 2024.

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Salzer Electronics has allotted 7 lakh equity shares on conversion of share warrants on 13 December 2023. Post allotment, the paid up equity share capital has increased to Rs.17,38,27,370/- comprising of 1,73,82,737 equity share of Rs.10/- each.

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Salzer Electronics has secured a 20-year patent for its Heavy Duty Energy Efficient Automatic Source Changeover (ACCL). This technology has proven to be a key revenue driver since its introduction in 2016, generating an impressive approximately Rs 10 crore within the Building Segment business division.

The ACCL, a precision system designed to effectively manage generator power distribution in various settings, boasts an automatic source changeover with a current limiting feature aimed at preventing generator overload. What sets this innovation apart is the incorporation of a unique heavy duty contactor design into the changeover product, a first in the world.

Furthermore, Salzer Electronics has partnered with major players in the electrical industry in India to expand the distribution of this product. The versatile applications of this innovation in the Urban Market are expected to result in accelerated growth, highlighting its relevance in addressing critical power management needs on the demand side.

Commenting on this development, Rajesh Doraiswamy, joint managing director, Salzer Electronics said: I am pleased to announce that we have successfully secured a patent for our product, the Heavy Duty Energy Efficient Automatic Source Changeover, which is listed in our Building Segment, for a period of 20 years. This patented innovation, (ACCL), made its market debut in 2016 is a precise solution crafted to effectively manage the distribution of generator power in tall residential buildings, townships, and commercial structures. Its function is to help prevent overloading on the generator. This product has benefited in revenue generator around 10 cr, and it is a high-end product that will help the company thrive in the future. This milestone aligns with our commitment to delivering Innovative electrical solutions, reinforcing our stature as a frontrunner in the capital goods engineering domain.

Salzer Electronics is a leading player offering total and customized electrical solutions in switchgears, wires & cables, and energy management business. It is the largest manufacturer of CAM operated rotary switches & wire ducts in India. The company caters to a wide range of products with four in-house manufacturing facilities, located in Coimbatore. The company has a wide distribution network locally and globally, exporting to many countries. In India, Salzer markets its products through its own distributors and more than 350 local distributors of L&T.

On a consolidated basis, net profit of Salzer Electronics rose 4.79% to Rs 9.84 crore while net sales rose 14.29% to Rs 280.72 crore in Q2 September 2023 over Q2 September 2022.

Shares of Salzer Electronics fell 0.27% to Rs 364.65 on 24 November 2023. The domestic stock market is shut today (27 November 2023) on account of Gurunanak Jayanti.

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