Salasar Techno’s revenue rise 21% in FY22
New Delhi, June 2: The engineering and construction player Salasar Techno Engineering Limited announced its results for March 31, 2022.
The company clocked a 20.5 per cent jump in the total income from operations at Rs 718.87 crore on March 31, 2022. The operational income in the previous fiscal stood at Rs 596.59 crore.
In 2022, the company reported a 7.2 per cent rise in the profit after tax (PAT) to Rs 32.18 crore, which was Rs 30.02 crore in the previous year.
Operation profit dipped marginally to Rs 42.25 crore from Rs 43.86 crore during the period under review. On an annual basis, it reported an EPS of 11.01 for FY 2021-22.
For the fourth quarter of the financial year 2021-22, Salasar Techno reported an income from operations of Rs 212.28 crore. It was sequentially 22.27 per cent higher than the operational revenue of Rs 173.61 crore in the December 2021 quarter.
On a sequential basis, the company’s bottom line improved by 9.33 per cent to Rs 7.86 in Q4 FY22 from Rs 6.96 in Q3 FY22. The company’s EPS moved northwards to 2.52 from 2.44 during the period.
In the fourth quarter of 2021-22, the company registered an income of Rs 215.01 crore with a net profit of Rs 9.86 crore.
With the announcement of earnings, the company also announced a final dividend of 10 per cent on the face value of the share, which is Rs 10. The dividend amount comes out as Re 1, subject to the approval of the shareholders.
The company will also showcase their stellar fabrication skills for 10,000 MT open web girders on India’s first-ever high-speed railway to connect Ahmedabad to Mumbai.
The company also designed, manufactured and installed four towers of 15 meters in height at the Goa International Airport. These towers will be used for communication at the airport.
The Airport Authorities of India floated a tender, and we won the same by offering our capabilities. The time taken was around three months which included design, manufacturing and installation, said Shashank Agarwal, Managing Director of Salasar Techno Engineering Limited.
Commenting on the results, Mr Shashank Agarwal said, “We focus on increasing our profitability and health order win in the new financial year. The growth trajectory appears to be robust, and we are highly positive about the company’s fundamentals in the long run. However, inflationary challenges, supply chain issues and rising input costs persist ahead of us. Still, we are confident to navigate through the tough times and create more value for our shareholders.”