Salzer Electronics, a leading manufacturer of rotary switches and wiring ducts in India, disclosed a decline in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 2.18% to Rs 22.03 million from Rs 22.52 million in the same quarter last year.

Net sales for the quarter rose 14.85% to Rs 693.86 million, compared with Rs 604 million for the prior year period.

Earnings per share for the quarter stood at Rs 2.00, registering 8.68% decline over previous year period.

D. Rajesh Kumar, joint managing director and chief financial officer of the company said, ''The Company has consistently been showing the steady performance in the last few quarters owing to robust market conditions, particularly, export market remains supportive and encouraging for maintaining 20% growth continuously in export market.''

He further added that ''The bottom line has also improved significantly consequent to input cost stabilization and cost effective measures of the Company. Present macro economic recovery and Government’s growth oriented agenda would certainly be a boon for growth and bullish on strong prospectus.''