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Standalone net sales (including other operating income) of Voltamp Transformers for the quarter ended Dec 2024 has increased 18.37% to Rs 483.52 crore. Operating profit margin has declined from 25.66% to 20.49%, leading to 5.51% decline in operating profit to Rs 99.05 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 68.19% to 72.08%. Employee cost decreased from 2.77% to 2.70%. Other expenses rose from 4.62% to 5.61%. Other income fell 72.38% to Rs 6.85 crore. PBIDT fell 18.31% to Rs 105.9 crore. Provision for interest up 21.43% to Rs 0.34 crore. PBDT fell 18.39% to Rs 105.56 crore. Provision for depreciation rose 14.53% to Rs 3.39 crore. Profit before tax down 19.16% to Rs 102.17 crore. Provision for tax was expense of Rs 28.77 crore, compared to Rs 31.78 crore. Effective tax rate was 28.16% compared to 25.14%. Profit after tax fell 22.42% to Rs 73.40 crore. For year-to-date (YTD) results analysis
Net sales (including other operating income) of Voltamp Transformers has increased 17.75% to Rs 1,309.42 crore.
Operating profit margin has declined from 19.93% to 19.08%, leading to 12.74% rise in operating profit to Rs 249.83 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 71.69% to 72.81%. Employee cost decreased from 3.14% to 3.03%. Other expenses fell from 6.44% to 5.97%. Other income up 2.97% to Rs 67.69 crore. PBIDT rose 10.50% to Rs 317.52 crore. Provision for interest up 22.89% to Rs 1.02 crore. PBDT rose 10.47% to Rs 316.5 crore. Provision for depreciation rose 18.83% to Rs 9.53 crore. Profit before tax grew 10.23% to Rs 306.97 crore. Provision for tax was expense of Rs 78.38 crore, compared to Rs 64.66 crore. Effective tax rate was 25.53% compared to 23.22%.Profit after tax rose 6.90% to Rs 228.59 crore.
CAPEX UPDATE:
All the formalities related to acquisition of land got completed and factory building
construction has started for new power transformers factory at Jarod, Vadodara.
ORDER BOOK & REVENUE VISIBILITY:
The opening order book at 01st April, 2024 was Rs. 840.66 crores (7839 MVA) and new
orders worth Rs.1657 crores (13581 MVA) got added from April 2024 onwards. As on
date unexecuted orders in hand Rs. 1114 crores (9692 MVA). The Company will
continue pursuing only profitable growth opportunities ensuring balance sheet health. Promoters’ stake was 38.00% as of 31 December 2024 ,compared to 38.00% as of 31 December 2023 .
| Voltamp Transformers : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 483.52 | 408.48 | 18.37 | 1,309.42 | 1,112.06 | 17.75 | 1,616.22 | 1,385.10 | 16.69 | | OPM (%) | 20.49 | 25.66 | -518 bps | 19.08 | 19.93 | -85 bps | 19.94 | 16.67 | 328 bps | | OP | 99.05 | 104.83 | -5.51 | 249.83 | 221.60 | 12.74 | 322.35 | 230.87 | 39.62 | | Other Inc. | 6.85 | 24.80 | -72.38 | 67.69 | 65.74 | 2.97 | 88.98 | 40.08 | 122.01 | | PBIDT | 105.90 | 129.63 | -18.31 | 317.52 | 287.34 | 10.50 | 411.33 | 270.95 | 51.81 | | Interest | 0.34 | 0.28 | 21.43 | 1.02 | 0.83 | 22.89 | 2.08 | 0.89 | 133.71 | | PBDT | 105.56 | 129.35 | -18.39 | 316.50 | 286.51 | 10.47 | 409.25 | 270.06 | 51.54 | | Depreciation | 3.39 | 2.96 | 14.53 | 9.53 | 8.02 | 18.83 | 11.37 | 9.69 | 17.34 | | PBT | 102.17 | 126.39 | -19.16 | 306.97 | 278.49 | 10.23 | 397.88 | 260.37 | 52.81 | | PBT before EO | 102.17 | 126.39 | -19.16 | 306.97 | 278.49 | 10.23 | 397.88 | 260.37 | 52.81 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 102.17 | 126.39 | -19.16 | 306.97 | 278.49 | 10.23 | 397.88 | 260.37 | 52.81 | | Taxation | 28.77 | 31.78 | -9.47 | 78.38 | 64.66 | 21.22 | 90.52 | 60.43 | 49.79 | | PAT | 73.4 | 94.61 | -22.42 | 228.59 | 213.83 | 6.90 | 307.36 | 199.94 | 53.73 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 73.4 | 94.61 | -22.42 | 228.59 | 213.83 | 6.90 | 307.36 | 199.94 | 53.73 | | EPS (Rs)* | 72.55 | 93.51 | -22.42 | 225.94 | 211.35 | 6.90 | 303.80 | 197.63 | 53.73 | | | * EPS is on current equity of Rs 10.12 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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Peer Comparision (Standalone)
|
Q-202412
|
Sales
(Rs. Crs)
|
var.(%)
|
OP
(Rs. Crs)
|
var.(%)
|
Net Profit
(Rs. Crs)
|
var.(%)
|
Share Price(Rs)
31-Jan-2025
|
var.(%)
over
One year
|
TTM EPS
|
TTM PE
|
|
Voltamp Transformers Ltd
|
483.52
|
18.37
|
99.05
|
-5.51
|
73.40
|
-22.42
|
8,358.15
|
3.89
|
318.38
|
26.25
|
|
Apar Industries Ltd
|
4,489.58
|
20.7
|
346.29
|
-9.19
|
176.07
|
-14.45
|
7,477.20
|
18.58
|
196.14
|
38.12
|
|
Bharat Heavy Electricals Ltd
|
7,277.09
|
32.22
|
304.24
|
40.5
|
124.77
|
169.42
|
208.15
|
-8.81
|
1.42
|
146.93
|
|
CG Power & Industrial Solutions Ltd
|
2,388.97
|
28.42
|
329.13
|
33.36
|
244.27
|
12.84
|
634.75
|
35.38
|
6.15
|
103.28
|
|
Continental Controls Ltd
|
0.00
|
-
|
-0.04
|
-33.33
|
0.03
|
-
|
10.66
|
36.32
|
0.08
|
131.00
|
|
Havells India Ltd
|
4,882.50
|
10.95
|
431.64
|
-0.22
|
282.81
|
-1.76
|
1,566.65
|
21.02
|
22.58
|
69.39
|
|
High Energy Batteries (India) Ltd
|
12.65
|
-23.19
|
0.50
|
-87.37
|
0.67
|
-79.38
|
542.05
|
-12.52
|
11.21
|
48.35
|
|
Hitachi Energy India Ltd
|
1,582.68
|
27.75
|
166.91
|
145.46
|
137.38
|
498.08
|
12,834.90
|
116.23
|
74.03
|
173.38
|
|
Inox Wind Ltd
|
927.51
|
87.47
|
149.52
|
635.83
|
65.16
|
707.43
|
168.35
|
40.88
|
2.05
|
82.08
|
|
Marsons Ltd
|
44.17
|
6695.38
|
4.17
|
1203.13
|
6.32
|
4113.33
|
159.30
|
772.88
|
1.13
|
140.74
|
|
Servotech Power Systems Ltd
|
181.32
|
265.2
|
16.45
|
448.33
|
8.30
|
661.47
|
148.77
|
64.21
|
1.24
|
120.09
|
|
Shilchar Technologies Ltd
|
153.74
|
30.33
|
43.09
|
33.2
|
34.77
|
33.27
|
6,750.75
|
99.50
|
152.75
|
44.19
|
|
Supreme Power Equipment Ltd
|
27.52
|
27.23
|
2.04
|
-47.29
|
3.17
|
8.56
|
162.70
|
-8.34
|
4.12
|
39.48
|
|
Surana Solar Ltd
|
10.64
|
141.82
|
0.31
|
-38
|
0.17
|
54.55
|
39.34
|
-3.17
|
0.13
|
307.27
|
|
Suzlon Energy Ltd
|
2,277.14
|
155.78
|
278.27
|
979.82
|
200.61
|
730
|
58.15
|
26.39
|
0.29
|
200.33
|
|
Transformers & Rectifiers India Ltd
|
545.31
|
49.28
|
77.91
|
127.34
|
50.51
|
276.94
|
890.45
|
156.21
|
9.77
|
91.14
|
|
Triveni Turbine Ltd
|
440.60
|
19.66
|
171.20
|
139.44
|
93.00
|
58.43
|
667.30
|
77.26
|
9.75
|
68.41
|
|
V-Guard Industries Ltd
|
1,185.25
|
9.92
|
82.80
|
-2.85
|
48.09
|
3.15
|
365.60
|
25.38
|
6.00
|
60.91
|
|
Waaree Energies Ltd
|
3,082.46
|
116.94
|
640.35
|
249.23
|
471.39
|
548.67
|
2,393.70
|
0.00
|
41.79
|
57.27
|
|
Wonder Electricals Ltd
|
221.53
|
68.9
|
11.59
|
67.49
|
5.09
|
70.23
|
178.80
|
428.37
|
1.04
|
172.25
|
|
Industry
|
30,214.18
|
36.77
|
3,155.42
|
64.22
|
2,025.98
|
78.61
|
674,432.13
|
78.47
|
|
84.75
|
|