FY26: 20% Revenue Growth
Company reiterated its full-year revenue growth guidance of 20% with gradual margin improvement as operating leverage plays out and higher-margin switchgear segment scales up.
SALZERELEC / guidance tracker
Keep management guidance in view.
Salzer Electronics · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
FY27: 20% Revenue Growth Excluding Smart Meters
Management confirmed that growth projections are excluding smart meters, with 20% growth expected from core businesses (industrial switchgear, wires & cables, EV chargers, building products).
FY27: EBITDA Margin 9.5-10%
Blended EBITDA margins expected to improve to 9.5-10% in FY27 from current 9%, driven by operating leverage and mix shift toward higher-margin switchgear products.
Wires & Cables: 6.5% EBITDA Margin
Management guided wire & cable margins can improve to 6.5% (from current 5%) over the next 1-1.5 years at current commodity price levels, though reaching 10-12% is unrealistic.
FY27 EBITDA Margin: 9-9.5%
Management targets 9-9.5% EBITDA margin for FY27, expecting margins to stabilize in Q2 FY27 after the June 2026 price increase (7-10%) offsets Q4 plastic price inflation. Q1 may remain pressured before improvement.
FY27 Revenue: Rs 2,000-2,100 crore
Management guided to a top-line of approximately Rs 2,000-2,100 crore for FY27, implying ~14-19% growth over FY26's Rs 1,758 crore. Revenue mix expected to remain ~55% switchgear, ~40% wires & cables, ~6% building products.
Saudi Manufacturing Facility Operational by Q3 FY27
Saudi Arabia plant (Phase 1 capex ~Rs 15 crore) expected to commence operations by September-October 2026, targeting GCC market with switchgear initially. Middle East & Africa exports of Rs 24 crore currently expected to double by FY27-28.
EV Charging Revenue: Rs 25 crore in FY27
UltraFast Chargers (subsidiary) is expected to generate Rs 25 crore revenue in FY27, up from ~Rs 9 crore realized, with ~100 DC fast chargers currently in order pipeline. Target margins of 12-15% once volumes scale.