Voltamp Transformers (VAMP) reported performance as per expectations in Q2FY26. While Revenue and EBITDA grew by 21% and 25% respectively, PAT only grew by 4% owing to lower other income. This was on account of much lower mark to market gains YoY. VAMP clocked in sales volume of 3,709 MVA in Q2FY26 which is a rise of ~3% YoY in MVA terms. Voltamp has been a preferred vendor amongst its clients due to its prudent execution track record and working capital management despite the cyclical nature of the business. However, with several credible competitors adding capacity in the transformers...