Salzer Electronics announces 15 per cent dividend

City-based Salzer Electronics, a manufacturer of rotary switches and wiring ducts, has reported 16 per cent rise in total revenue at Rs 284.3 crore for the year ended March 31, 2015.
The company had posted revenues of Rs 245.4 crore last year.
Announcing the results for 2014-2015, the Board recommended a dividend at 15 per cent or Rs 1.50 per share, as Profit After Tax (PAT) increased by 42 per cent, registering Rs 12 crore for the year, as against Rs 8.4 crore last year.
"The results have been in line with our expectations. Owing to strong exports, the company has witnessed an increase in topline growth of 16 per cent," Joint Managing Director and CFO D Rajesh Kumar said.

"In the upcoming quarters, we would focus more on entering the eastern geographies and also expand our product offerings. The company has posted a strong set of numbers this quarter and we expect to grow at 25 per cent in the coming years," he said.
On the highlights of the January-March quarter, the company has recorded a total revenue at Rs 79.6 crore as against Rs 69.7 crore for the previous period, an increase of 14 per cent, it said.

Stating that EBITDA stood at Rs 8.6 crore for the last quarters against Rs 7.8 crore for the corresponding period last year, an increase of 9 per cent, it said EBIDTA margin was at 10.8 per cent for the quarter as against 11.3 per cent on account of one time provisioning of Rs 1.52 crore for product testing charges and CSR expenses.

The profit after tax was Rs 2.5 crore for the quarter ended March 31 as against Rs 2.2 crore for the corresponding period last year, an increase of 12 per cent.
For the year, EBIDTA witnessed 17 per cent increase at Rs 35.5 crore for the year as against Rs 30.2 crore for the last year, the margin was at 12.5 per cent for the review period as against 12.4 per cent last year.