Live
- J&K L-G felicitates Langar organisations & NGOs for contribution during Amarnath Yatra
- Hit by Covid, MP's Rakesh Mishra sees revival of his fortunes, courtesy PM SVANidhi scheme
- Trailblazing Yakshagana Artiste Leelavathi Baipaditthaya No More
- Cong in direct fight with BJP on 45-50 seats in Delhi Assembly election: Sandeep Dikshit
- Vijay Diwas: Assam Rifles organises Half Marathon in Tripura
- Delhi HC to hear on Monday plea against suppression of CAG reports by CM Atishi
- Collaboration, innovation, PPP key to achieve 2047 goals: Jitendra Singh
- Portraits of National Leaders to be Unveiled in Karnataka Assembly Hall
- Kejriwal's claims on vision for development ridiculous: Delhi BJP
- One nation, one election need of the hour: Mukhtar Abbas Naqvi
PL First Cut – Voltamp Transformers (VAMP) Q3FY24 Result– Strong operating performance
Prabhudas Lilladher Pvt Ltd
PL First Cut – Amit Anwani – Research Analyst, Prabhudas Lilladher Pvt Ltd
PL First Cut – Amit Anwani – Research Analyst, Prabhudas Lilladher Pvt Ltd
Voltamp Transformers (VAMP) Q3FY24 Result First Cut – Strong operating performance
(CMP: Rs7,900 | Mcap: Rs79bn | Rating: HOLD)
▪️Revenue rose 14.3% YoY to Rs4.1bn (PLe: Rs4.3bn).
▪️Gross margin expanded by 951bps YoY to 33.4% (PLe: 27.3%) on the back of softening raw material prices.
▪️EBITDA grew 89.2% YoY to Rs1.0bn (PLe: Rs722mn). EBITDA margin jumped by 1,019bps YoY to 25.7% (PLe: 16.9%), owing to the gross margin expansion and reversal of certain past period provisions.
▪️PBT jumped 90.3% YoY to Rs1.3bn (PLe: Rs790mn).
▪️PAT grew 86.4% YoY to Rs946mn (PLe: Rs592mn), driven by a robust operational performance and higher other income at Rs248mn (up 80.6% YoY due to improved income from the investment portfolio).
▪️Q3FY24 order inflow came in at Rs4.9bn (4,697 MVA).
The stock currently trades at 33.0x/29.4x FY25/26E earnings.
