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