Salasar Techno Engineering Ltd Sees Profit Surge Amid Rising Income

Salasar Techno Engineering Ltd reported a 28% increase in net profit for the December quarter, reaching Rs 12 crore, driven by higher income. The company's total income rose to Rs 375.89 crore, with expenses at Rs 359.64 crore. STEL serves telecom, energy, and railways sectors.

Salasar Techno Engineering Ltd has reported a significant 28% increase in its consolidated net profit for the December quarter, reaching Rs 12 crore. This growth has been attributed to a rise in income, according to the company's filing on Friday.

The firm had earlier posted a net profit of Rs 16.76 crore in the corresponding October-December period of the previous financial year 2023-24. During the current quarter under review, Salasar Techno's total income rose to Rs 375.89 crore, a substantial increase from Rs 304.34 crore reported a year ago.

Salasar Techno, a key player in steel structural manufacturing and EPC infrastructure, primarily serves the telecom, energy, and railway sectors. Its expenses for the quarter also grew, reaching Rs 359.64 crore, up from Rs 281.21 crore during the same period last year.