Salzer Electronics’ 6.89% margin trails Industrials median by 4.62 points
Consolidated Q2FY27 results were filed after market close; interest and depreciation absorbed a sizeable part of operating profit before tax.
Filed 12 Nov 2026, 18:28 IST · after market close · Salzer Electronics Ltd (SALZERELEC)
Key takeaways
- The consolidated quarter’s operating margin was 6.89%, 4.62 percentage points below the 11.51% Industrials peer median.
- Interest of Rs 13.14 cr and depreciation of Rs 7.26 cr reduced operating profit of Rs 39.95 cr to profit before tax of Rs 20.36 cr.
- Other income was only Rs 0.81 cr against profit before tax of Rs 20.36 cr, so reported earnings were not driven by that line.
Price around the results
Operating margin remains below the Industrials peer set
On a consolidated basis, Salzer Electronics reported a 6.89% operating margin in Q2FY27. That was 4.62 percentage points below the 11.51% median for 230 Industrials companies that had reported the quarter. The company ranked 43rd from the bottom in that comparison.
Interest and depreciation cut the conversion to pre-tax profit
Interest of Rs 13.14 cr and depreciation of Rs 7.26 cr reduced operating profit of Rs 39.95 cr to profit before tax of Rs 20.36 cr. Other income contributed Rs 0.81 cr, a small amount relative to pre-tax profit. The tax rate was 26.95%, leaving net profit at Rs 14.87 cr.
Results were filed after market close
The company filed its consolidated Q2FY27 results after market close on 12 Nov 2026. There is no immediate trading reaction to assess in this release.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹580 cr |
| Other income | ₹1 cr |
| Expenses | ₹540 cr |
| Operating profit | ₹40 cr |
| Operating margin (%) | 6.89% |
| Interest | ₹13 cr |
| Depreciation | ₹7 cr |
| Profit before tax | ₹20 cr |
| Tax | ₹5 cr |
| Net profit | ₹15 cr |
| EPS (₹) | ₹8.15 |
Operating margin of 6.89% compares with a Industrials sector median of 11.51% across 230 peers that have reported Q2FY27.
What to watch
- Whether consolidated operating margin improves from 6.89%.
- Whether the 4.62-point gap to the 11.51% Industrials peer median narrows.
- Whether interest remains near Rs 13.14 cr as operating profit converts to pre-tax profit.