Q3FY18 Results: Salasar Techno Engg registers 85.5 per cent surge in PAT

Salasar Techno Engineering reported its results for the quarter ended December 31, 2017 on Wednesday. The company's consolidated revenue for the quarter came in at Rs. 132.26 crore, registering 28.3 per cent yoy increase.

EBITDA for the quarter rose by 61.9 per cent yoy to Rs. 14.75 crore with a corresponding margin expansion of 232 bps. EBITDA margin for the quarter stood at 11.2 per cent. This margin expansion was aided by 35.8 per cent yoy decline in manufacturing and operating costs.

The PAT for the quarter came in at Rs. 8.46 crore, yoy increase of 85.5 per cent. This was due to jump in other income from Rs. 0.03 crore to Rs. 0.29 crore.

On Wednesday, the stock opened at Rs. 273 per share and touched an intra-day high of Rs. 297.30 and finally closed at Rs. 289.80 on the BSE.