Salzer Electronics Limited (NSE: SALZERELEC), a capital goods engineering company offering total and customized electrical solutions, announced its unaudited financial results for the second quarter and half year ended 30th September 2026. Salzer Electronics reported consolidated revenue of ₹579.77 crore, representing a growth of 38.40% year-on-year, while revenue for the first half stood at ₹1,077.79 crore, a growth of 25.32% year-on-year. This performance reflects continued demand across all our core business divisions, Industrial Switchgear, Wires & Cables, and Building Products.

Strong Performance Across Core Divisions

The Industrial Switchgear division grew 23.79% YoY, contributing 56.39% to the total revenues in this quarter. The Wires & Cables division saw a 57.48% YoY growth in Q2 FY27, while the Building Products division experienced a remarkable 103.53% YoY growth in the same period. These divisions collectively maintained strong growth momentum.

Elevated Raw Material Costs

Elevated and volatile raw material costs, particularly copper, silver, aluminium, and plastics, continued to weigh on margins, partly offset by calibrated pricing actions taken during the year. Raw material cost rose to 80.6% of revenue in Q2 FY27 from 75.4% in Q2 FY26.

Forward-Looking Statement

With our diversified product portfolio, strong manufacturing base, growing export presence, and continuous focus on innovation, we believe Salzer Electronics is well positioned for sustainable long-term growth. Subject to raw material prices remaining stable, we expect margins to normalize progressively from the third and fourth quarter of this financial year.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Salzer Electronics Limited

Salzer Electronics Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Salzer trades in the lower quarter of its 52-week range. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gains 3.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 18.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Salzer Electronics Limited.

Oswal Pumps Limited (NSE: OSWALPUMPS) announced its Q2 FY27 results yesterday, showing a total income of ₹5,118 million, up 6.2% QoQ. The Board of Directors noted the unaudited financial results for the second quarter of Financial Year 2026-27. Despite a competitive pricing environment, revenue from operations increased by 6.9% QoQ to ₹5,063 million. EBITDA stood at ₹628 million, with a margin of 12.3%.

Key Financial Highlights

The company’s profit after tax (PAT) was ₹396 million, translating into a margin of 7.7%. However, the operating EBITDA margin reduced by 437 basis points QoQ to 11.3%, primarily due to higher raw material costs and increased operating expenses. Higher aluminium frame, glass, and copper prices, along with increased zinc and steel costs at the subsidiary, Walso Solar Solutions Private Limited, contributed to the margin decline.

Strategic Initiatives

To diversify its revenue streams, Oswal Pumps is expanding its presence across Rooftop Solar, Utility-Scale Solar, and Commercial & Industrial (C&I) Solar EPC segments. The company’s order book currently stands at approximately 143 MW, with a robust pipeline of 168 MW. Additionally, Oswal Solar Energy Private Limited plans to establish a 1.2 GW TOPCon solar cell manufacturing facility at Karnal, Haryana, to enhance supply chain efficiencies and reduce dependence on external suppliers.

Looking ahead, Oswal Pumps remains focused on disciplined execution of its order book, restoring operating margins through cost optimization and operational efficiencies, and building a more diversified and integrated business platform to drive sustainable growth and long-term value creation for all stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Oswal Pumps Limited

Oswal Pumps Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Oswal drops 20.5% over three months and trades near its 52-week lows. The PEG of 0.06 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 76.7% and profits at 122.4% CAGR. Both numbers are exceptional. RSI stands at 31, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. Revenue grows at 76.7% and profits at 122.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 20.5% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Oswal Pumps Limited.

SPML Infra Limited (NSE: SPMLINFRA) announced its results for the quarter and half year ended September 30, 2026, marking a decisive turnaround in operating cash flow alongside continued growth in revenue and profitability. The company reported a revenue of ₹3,238.7 crore, a 20% year-on-year increase. Profit after tax (PAT) surged by 46% to ₹322.2 crore. Moreover, the company generated a positive operating cash flow of ₹82.4 crore for the first half of FY27, compared to an outflow of ₹344.1 crore in H1 FY26.

Financial Highlights

The company’s cash and cash equivalents stood at ₹3,119.2 crore as of September 30, 2026, an 88% increase from ₹363.4 crore as of March 31, 2026. The EBITDA margin improved to 11.0% in Q2 FY27 from 10% in Q2 FY26. The net worth increased to ₹1,184.6 crore, supported by profit accretion and warrant conversion.

New Order Wins

SPML Infra recently secured a ₹3,186.41 crore order from Power Grid Corporation of India Limited (POWERGRID) for the extension of the 765/400/220 kV Bhadla-III Substation and Ramgarh Pooling Station, marking its entry into 765 KV transmission infrastructure. This reflects the increasing contribution from new orders secured under SPML 2.0, as the company transitions from order wins to revenue, earnings, and cash generation.

With H1 revenue growth of 45% year-on-year, the company maintains its guidance of a minimum 25% growth for FY27. Abhinandan Sethi, Managing Director, SPML Infra Limited, said: “H1 FY27 marks an important milestone in SPML Infra’s transformation journey, as the growth achieved under SPML 2.0 is now translating into stronger profitability, positive operating cash flows, and an increasingly resilient balance sheet.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of SPML Infra Limited

SPML Infra Limited belongs to the Industrials › Engineering & Construction sector. Here’s a quick read on where the business and the stock stand today.

SPML falls 15.9% over three months and has not found a floor yet. The PEG of 0.03 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 8.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 5.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -15.9% in three months on -1.4% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of SPML Infra Limited.