Salasar Techno Engineering Q4 doubles to Rs 14.73 cr due to higher income

Consolidated net profit of Salasar Techno Engineering Ltd (STEL) doubled to Rs.14.73 crore during the January-March quarter of 2022 to 23rd March as compared to the same period last year, supported by higher income.

It recorded a net profit of Rs 7.13 crore in the January-March quarter of 2021 to 2,222, according to a regulatory filing.

Total income rose to Rs.269.32 crore from Rs.212.71 crore in the quarter last year, registering a rise of 35 per cent over the same period last year.

Expenses were Rs.276.46 crore as against Rs.204.03 crore a year earlier.

The New Delhi-based company recently secured its first offshore contract worth Rs 143 crore from the Government of Nepal. STEL undertakes engineering, design, procurement, fabrication and galvanizing for telecom operators as well as fabricating steel structures.

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First published: May 28, 2023 | 3:58 PM ist