May 23: Salasar Techno Engineering Ltd (BSE:540642, NSE:SALASAR), a leading manufacturer of telecom towers has reported 28.74% growth in revenue at Rs 494.74 cr while net profit rose 58.48% to Rs 29.63 cr. Earnings per share has risen to Rs 24.21.
In Q4, net revenue rose 7.87% to Rs 145.77 cr while net profit rose 32.04% to Rs 9.47 cr. The company is into manufacturing, fabrication and installation of telecom towers, transmission towers and substation structures and solar mounting structures.
Mr Shashank Agarwal, Joint Managing Director, Salasar TechnoEngineering Ltd. said, “This financial year, we have registered a strong revenue growth of 29% and recorded significantincrease in our overall profit of over 58%. Our telecom business has contributed more than 56% backed by strong demand from telecom operators to develop new sites and increase their coverage area. Also, our EPC business has contributed 32% and played a major role, as we try to increase ourshare of EPC business in overall revenue.
Positives for Salasar in Q4
Highest operating profit to interest-9.07 times, net sales highest at Rs 145.77 cr. With a PE of 20.96 the valuation appears fair, while return on equtiy at 15.25%, return on captial employed 17.24% looks attractive.: