Voltamp Transformers (VAMP) reported better than expected performance in Q3FY26. Revenue, EBITDA and PAT grew by 30%,9% and 35% respectively. This was majorly led by high volume growth in MVA terms and higher other income. Demand trends for the company remain healthy with demand emanating from diversified industry verticals. 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 segment we expect...