India's Salzer Electronics set for worst day in 15 weeks after Q4 profit falls

Salzer Electronics

26/05/2025 06:49

** India's Salzer Electronics SALZ.NS falls ~10% to 975.20 rupees after Q4 results

** Co's Q4 consolidated profit after tax falls nearly 18% on higher costs

** Stock set for worst day in 15 weeks

** Co says core profit was impacted by higher expenses in their new smart meter business

** Adds, its sees margins reverting to normal range as its  smart meter business sees revenue traction in coming quarters

** With session's decline, SALZ trims 12-month gain to 35.2%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))