Salasar Techno Engineering Reports Q2 FY25 Results: Net Income Rises to ₹9.60 Crore Amid Strategic Growth and Acquisitions

Salasar Techno Engineering Ltd (STEL) reported its earnings results for the second quarter ending September 2024, showing a net income of ₹9.60 crore and earnings per share (EPS) of ₹0.06. Here’s a summary of the key financial metrics and developments:

Q2 FY25 Financial Highlights:

Sales Revenue: ₹281.49 crore
Other Revenues: ₹283.22 crore
Net Income: ₹9.60 crore
EPS: ₹0.06

H1 FY25 Performance:

Total Sales: ₹575.49 crore
Total Revenue: ₹578.13 crore
Net Income: ₹20.09 crore
Basic EPS: ₹0.12

Key Developments:

Strategic Projects:
- STEL signed contracts worth ₹1,033.78 crore with TANGEDCO.
- It also secured contracts worth ₹173.99 crore with Rail Vikas Nigam Ltd. (RVNL) in collaboration with Madhya Pradesh Power Transmission Company Limited (MPPTCL).
Acquisitions: The acquisition of EMC Limited and further investments by Coeus Global Opportunities Fund have bolstered the company’s market position.
Foreign Institutional Investors: Their stake in STEL increased from 5.42% in Q1 FY25 to 8.42%, up from 3% in Q4 FY24.

Historical Performance:

Stock Performance: STEL’s stock has risen over 130% in the past year and 1,775% over the last five years.
Bonus Shares: The company distributed 4 bonus shares for every share held on February 1, 2024.

Previous Quarter (Q1 FY25):

Total Income: Increased by 12.41% to ₹294.90 crore.
Net Profit: Grew by 3.35% to ₹10.49 crore compared to Q1 FY24.

Annual Performance (FY24):

Total Sales: Increased by 20.3% to ₹1,208.43 crore.
Net Profit: Rose by 31.5% to ₹52.93 crore.

STEL continues to enhance its position as a leading provider of customized steel infrastructure solutions in India, showcasing steady growth and operational efficiency since its establishment in 2006.

Disclaimer: The information provided herein is for informational purposes only and should not be considered as financial advice. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The author and associated entities are not responsible for any losses or damages arising from the use of this information.