How did Salzer Electronics perform in FY26?

The company grew its consolidated revenue by 24% to ₹1,758 crore. However, net profit growth was muted at 2.5%, totaling ₹53.77 crore.

Why did margins contract during the year?

Margins fell to 8.36% from 9.44% in the previous year. The company attributed this to input cost pressures and higher expenses associated with scaling operations.

Did the company meet market expectations?

Yes, the results were broadly in line with prior disclosures and analyst expectations. There were no significant surprises in the reported figures.

What is the status of the Wirepas MOU?

The filing repeats the existence of the Wirepas MOU. This is not a new development and was previously communicated to the market.

Earnings · Electronics

Salzer Electronics revenue climbs 24% as margins tighten

FY26 revenue hit ₹1,758 crore, but rising input costs and scaling expenses weighed on profitability.

SALZERELEC BSE 517059 24 May 2026 · 9:12 AM IST Verify on BSE · NSE

Mkt cap₹1,246 cr

P/E23.55×

ROE9.35%

Debt / eq.0.77

Div yld0.35%

₹1,758 cr Consolidated revenue for FY26, a 24% increase year-over-year.

What's new

FY26 revenue reached ₹1,758 crore, up 24% from the prior year.
PAT rose 2.5% to ₹53.77 crore, though Q4 PAT dropped 4% year-over-year.
EBITDA margins thinned to 8.36% from 9.44% due to input cost pressures.

Why this matters

The results show a company struggling to translate top-line growth into bottom-line expansion. While revenue is scaling, the margin contraction indicates that input costs are outpacing the firm's ability to pass them on to customers.

What we're watching

Whether EBITDA margins recover in the coming quarters.
Updates on the previously announced Wirepas MOU.
Management's plan to manage scaling expenses.

The full read

Salzer Electronics grew its top line by 24% in FY26, reaching ₹1,758 crore. Despite this growth, profitability remained constrained. Net profit rose only 2.5% to ₹53.77 crore, while the fourth quarter saw a 4% decline in profit compared to the same period last year. The primary drag on performance was a contraction in EBITDA margins, which slipped to 8.36% from 9.44% a year earlier. Management pointed to input cost pressures and the expenses of scaling the business as the culprits. The results offer no surprises, aligning with prior guidance and market expectations. The company also reiterated its existing MOU with Wirepas. The core challenge for Salzer is clear: it must find a way to protect its margins while it continues to scale.

Questions answered

How did Salzer Electronics perform in FY26?: The company grew its consolidated revenue by 24% to ₹1,758 crore. However, net profit growth was muted at 2.5%, totaling ₹53.77 crore.
Why did margins contract during the year?: Margins fell to 8.36% from 9.44% in the previous year. The company attributed this to input cost pressures and higher expenses associated with scaling operations.
Did the company meet market expectations?: Yes, the results were broadly in line with prior disclosures and analyst expectations. There were no significant surprises in the reported figures.
What is the status of the Wirepas MOU?: The filing repeats the existence of the Wirepas MOU. This is not a new development and was previously communicated to the market.

Mentioned: Salzer Electronics · Wirepas

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.