VOLTAMP TRANSFORMERS Announces Quarterly Results (3QFY20); Net Profit Up 57.6%
Mon, 17 Feb

VOLTAMP TRANSFORMERS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

VOLTAMP TRANSFORMERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,1521,9492,51329.0%16.8%
Other incomeRs m969912627.2%31.0%
TurnoverRs m2,2482,0482,63928.9%17.4%
ExpensesRs m1,9111,7392,20927.0%15.6%
Gross profitRs m24121030445.1%26.0%
DepreciationRs m20212415.7%24.0%
InterestRs m100-100.0%-100.0%
Profit before taxRs m31628740541.1%28.3%
TaxRs m94285595.0%-41.3%
Profit after taxRs m22225935035.2%57.6%
Gross profit margin%11.210.812.1
Effective tax rate%29.79.813.6
Net profit margin%9.912.713.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 16.8% on a year-on-year (YoY) basis. The expenses were up by 15.6% YoY during the same period.
  • The company's operating profit increased by 26.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 3QFY20 as against 11.2% in 3QFY19.
  • Depreciation charges increased by 24.0% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 31.0% YoY during the quarter.
  • Net profit for the quarter increased by 57.6% YoY. Net profit margins during the quarter increased from 9.9% in 3QFY19 to 13.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.0% QoQ during the same period.
  • The company's operating profit increased by 45.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 3QFY20 as against 10.8% in 2QFY19.
  • Net profit for the quarter increased by 35.2% QoQ, while net profit margins increased from 12.6% in 2QFY19 to 13.3% in 3QFY20.

To see how VOLTAMP TRANSFORMERS has performed over the last eight quarters,please visit here.

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VOLTAMP TRANSFORMERS Share Price Performance

Over the last one year,VOLTAMP TRANSFORMERS share price has moved up from Rs 1,019.0 to Rs 1,380.0, registering a Gain of Rs 361.0 or around 35.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,558.6 (down 1.3%). Over the last one year it has moved up from 16,411.2 to 16,558.6, a gain of 147 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 1,380.0, the price to earnings (P/E) ratio of VOLTAMP TRANSFORMERS stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.