Salzer Electronics Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 24, 2023 at 04:49 am EDT
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Salzer Electronics Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,027.3 million compared to INR 2,388.69 million a year ago. Revenue was INR 3,030.59 million compared to INR 2,393.97 million a year ago. Net income was INR 96.14 million compared to INR 32.42 million a year ago. Basic earnings per share from continuing operations was INR 6.01 compared to INR 2.03 a year ago. Diluted earnings per share from continuing operations was INR 5.44 compared to INR 2.03 a year ago.
For the full year, sales was INR 10,370.87 million compared to INR 8,035.42 million a year ago. Revenue was INR 10,387.88 million compared to INR 8,060.18 million a year ago. Net income was INR 387.05 million compared to INR 225.93 million a year ago. Basic earnings per share from continuing operations was INR 24.21 compared to INR 14.14 a year ago. Diluted earnings per share from continuing operations was INR 21.9 compared to INR 14.14 a year ago.
Salzer Electronics Limited is an India-based company, which offers total and customized electrical solutions in switchgears, wires and cables, and energy management business. The Company is engaged in the manufacturing of electrical installation products and components, such as cam operated rotary switches, selector switches, wiring ducts, voltmeter switches, copper wires and cables and allied products addressing customers in the electrical equipment, power, medical equipment, automotive as well as renewable and uninterrupted power system spaces. The Company manufactures a range of industrial wires and cables from 0.5 square millimeter (sq mm) to 300 sq mm - building wires, flexible wires, multi core cables, flat cables, traveling cables, shielded and braided wires halogen free wires and others. It has a distribution network locally and globally, exporting to many countries. The Company exports its products to America including South American countries like Brazil, Argentina and Chile.