Results     06-Nov-18
Analysis
Voltamp Transformers
Lower other income restricts bottom line growth
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 Voltamp Transformers: Results
For the quarter ended Sep 18, the net sales of the company were up by 47% to Rs 189.01 crore. OPM stood at 10.1% up by 460 bps resulting in a 121% increase in OP to Rs 19.06 crore. Other income was lower by 55% to Rs 6.10 crore due to MTM of liquid funds and other investments. Depreciation costs were up by 10% to Rs 1.64 crore. Thus PBT stood at Rs 23.39 crore, up by 13% YoY. After providing total tax of Rs 7.99 crore up by 49%, PAT for Sep 18 quarter stood at Rs 15.40 crore up by 1% YoY.

Performance for 6 months ended Sep 18

For 6 months ended Sep 18, net sales were up by 37% to Rs 354.87 crore. OPM stood at 10% up by 300 bps, resulting in OP growth of 97% to Rs 35.51 crore. Other income was down by 48% to Rs 12.85 crore. Depreciation was up by 8% to Rs 3.10 crore. After providing total tax of Rs 14.55 crore, up by 45% YoY, PAT for 6 months ended Sep 18 stood at Rs 30.44 crore, up by 2% YoY.

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