Salasar Techno Engineering reports Consolidated Q4 & FY22 Results

Salasar Techno Engineering Limited (herein referred to as "Salasar"), a leading manufacturer of telecom towers and provider of customized steel fabrication and infrastructure solutions in India, announced the financial results for the fourth quarter and full year ended 31st March, 2022.

Performance Highlights:

FY22

- Reported revenue from Operations at Rs 718.9 Crores, up by 20.5% YoY

- Both Steel structure division and EPC project division have reported revenue growth up by 14% YoY and 18% YoY, respectively during the period. Steel structure division contributed 77% of the total revenue in FY22

- EBITDA stood at Rs 68.9 Crores from Rs 57.0 Crores, grew by 21% YoY

- EBIDTA margin was stable at 9.6% level

- PAT was at Rs 31.5 Crores from Rs 29.9 Crores in FY21

Q4FY22

- Revenue from Operations was Rs 212.3 Crores as compared to Rs 211.5 Crores in Q4FY22

- EBITDA stood at Rs 16.0 Crores

- EBITDA margin of 7.6% declined from 9.1% on account of increase in input costs

- PAT stood at Rs 7.1 Crores

Key Developments

- Overall Order Book as of 31st March 2022 is Rs 1,182 Crores including EPC orders of Rs 938 Crores, Heavy Steel Structure Division orders of worth Rs 200 Crores and Export order of Rs 44 Crores

- In addition, the company has monthly orders worth Rs 35-40 Crores coming from Telecom and other structure

Speaking about the performance, Mr. Shashank Agarwal, Joint Managing Director, Salasar Techno Engineering Ltd. said: "Overall the Financial Year of 2022 remained a challenging one for the company keeping in view the abnormal and unprecedented volatility in the commodity prices both for steel and Zinc. The company has been able to achieve a total sale of Rs 718 Crores in this year against a sale of Rs 597 Crores in FY21. Overall EBIDTA increased from Rs 57 Crores to 69 Crores. We have an overall order book of approx Rs 1,180 Crores which include EPC, Heavy Steel Structure Division and Exports Orders. In addition to that company have regular Telecom and other structure orders on monthly rolling basis of around Rs 35-40 Crores per month.

Overall the segment in which company operates have strong growth opportunities and keeping in view the order book position company is expecting good growth in its operations in near future."

Shares of Salasar Techno Engineering Limited was last trading in BSE at Rs. 236.10 as compared to the previous close of Rs. 237.30. The total number of shares traded during the day was 404 in over 171 trades.

The stock hit an intraday high of Rs. 242.40 and intraday low of 234.60. The net turnover during the day was Rs. 96445.00.

Source : Equity Bulls

Keywords

SalasarTechnoEngineering INE170V01019 Q4FY22 FY2022 ResultUpdate