Salasar Techno Engineering Ltd.(BSE: 540642, NSE: SALASAR), is a one stop engineering and infrastructure solution provider. The Company is engaged in providing turnkey EPC services for Railway and Power sectors and is also engaged in designing and manufacturing of telecom towers, Monopoles and other Heavy Steel Structures.
Commenting on the results, the management team of Salasar said, “We are pleased to share our business and financial performance for Q4 FY24 and FY24. Our revenue from operations reached Rs. 3,673.3 Mn in Q4 FY24, up from Rs. 2,947 Mn in Q4 FY23, and totaled Rs. 12,084.3 Mn for FY24 compared to Rs. 10,049.0 Mn in FY23. This growth was driven by rising demand for our diverse EPC solutions across power, railways, and telecom.
Our EBITDA for Q4 FY24 was Rs. 364.6 Mn, an increase from Rs. 298.5 Mn in Q4 FY23, and for FY24, it reached Rs. 1,224.2 Mn, up from Rs. 918.1 Mn in FY23, reflecting improvements of 22.1% and 33.3% respectively. EBITDA margins were 10.1% for FY24 as compared to 9.1% in FY23 which showed an increase by 100 bps owing to efficient execution.
Profit after tax (PAT) for Q4 FY24 was Rs. 169.7 Mn, compared to Rs. 147.3 Mn in Q4 FY23, and for FY24, it stood at Rs. 529.3 Mn, compared to Rs. 492.5Mn in FY23. PAT margins was4.4% for FY24 while for FY23 it was 4.0%
Our current order book of ~Rs. 24,600 Mn demonstrates client confidence and establishes a
strong foundation for future growth. The high demand in the railway, power, and telecom sectors highlights the effectiveness of our solutions and aligns with our strategic focus, enabling sustainable growth.
With the strategic objective to provide more comprehensive EPC services under one roof, we acquired EMC Ltd, valued at Rs. 1,780 Mn. With this acquisition Salasar will get distinct
advantages, bolstering Salasar’s market presence, expanding its service portfolio, and driving operational synergies for enhanced efficiency and profitability. EMC Ltd., renowned for its successful large scale project deliveries in India as well as overseas market, further strengthens Salasar’s position in power transmission and substation segments.
Our mission is to deliver exceptional engineering solutions while ensuring sustainable growth for our stakeholders. We will invest in enhancing our capacity to provide critical infrastructure that supports India’s global competitiveness, including power transmission, railway electrification, telecom, smart cities, bridges, and heavy structures. We thank our dedicated team for their unwavering support in all circumstances.”
Incorporated in 2006, Salasar Techno is a provider of customized steel fabrication &
infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Salasar Techno’s product portfolio includes telecommunication towers, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railway electrification (OHE), Road & Railway Over-Bridges (ROB) and customised galvanized & non-galvanized steel structures. Salasar Techno’s services include providing complete Engineering, Procurement & Control (EPC) for projects such as rural electrification, power transmission lines and solar power plants. The Company is among the leading manufacturers with the current installed capacity of 2,11,000 MTPA having supplied, 50,000+ Telecom Towers, ~885 km of Power Transmission Lines, ~695 km Railway Track, to 600+ clients in 25+ Countries.