Heavy Electrical Equipment company Voltamp Transformers announced Q3FY24 & 9MFY24 results: Financial Performance Summary Sales and Services Revenue Q3FY24: Rs 408.48 crore, an increase of 14% from Q3FY23. 9MFY24: Rs 1,112.06 crore, up 18% from the same period in the previous year. Net Profit Q3FY24: Rs 103.54 crore, after accounting for investment gains, showing an increase of 93% from Q3FY23. 9MFY24: Rs 216.64 crore, a significant increase of 62% compared to the previous year. EBIDTA Margin Q3FY24: 25.67%, compared to 15.50% in Q3FY23, marking an increase of 66%. 9MFY24: The margin increased to 19.93%, up from 14.60% in the same period last year. Volume (MVA) Q3FY24: 3,278 MVA, witnessing an 4% rise from Q3FY23. 9MFY24: 8,965 MVA, up 8.93% from the previous year. Operations and Market Outlook The power sector is undergoing a significant transformation with renewable energy at its core. Despite global challenges, India's growth outlook remains optimistic with encouraging economic reforms. The 'China plus one' strategy and the push for sustainable industries, including the shift to green fuels and electrification, are expected to bring in a new era of sustainability. Profitability exceeded the budget, aided by the benefit of reduced raw material prices and favorable investment income. The Company highlights a healthy inquiry pipeline and anticipates a possible slowdown in government-funded project orders due to the upcoming 2024 general elections. Order Book The order book starting in April 2023 stood at Rs 602.66 crore. New orders from April to December 2023 amounted to Rs 1,385 crore, representing a 34% increase in value and a 31% increase in volume compared to the previous year. Result PDF
Heavy Electrical Equipment company Voltamp Transformers announced Q2FY24 results: 1. Sales and Services Revenue: - The total revenue from operations in Q2FY24 was Rs 381.39 crore. - The sales volume (MVA) for Q2FY24 was 2,935. - The net sales and services income for Q2FY24 was Rs 381.39 crore. 2. Financial Results: - The net profit before tax for Q2FY24 was Rs 83.64 crore. - The operating profit for Q2FY24 was Rs 66.26 crore. - The EBITDA margin for Q2FY24 was 18.03%. 3. Other Income: - The company received Rs 17.91 crore as other income in Q2FY24. - The other income included interest income from tax-free and taxable bonds as well as capital gains from short-term and long-term investments. 4. Working Capital: - The receivables as of September 2023 were Rs 206.53 crore. - The inventory as of September 2023 was Rs 206.02 crore. - The creditors as of September 2023 were Rs 16.12 crore. - The investments in the business as of September 2023 were Rs 809.37 crore. 5. Recasted Employee Cost: - The employee cost on the payroll was Rs 13.45 crore, and on contract, it was Rs 5.99 crore, in Q2FY24. Result PDF