Results     01-Feb-22
Analysis
Voltamp Transformers
PAT down 6%, despite strong operating show, hit by lower OI




Standalone net sales (including other operating income) of Voltamp Transformers for the quarter ended Dec 2021 has increased 79% to Rs 314.95 crore.  Operating profit margin has jumped from 10.8% to 10.9%, leading to 81% rise in operating profit to Rs 34.38 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 79.30% to 78.02%.   Employee cost decreased from 4.40% to 4.32%.   Other expenses rose from 6.33% to 6.38%.   Other income fell 68% to Rs 7.66 crore.  PBIDT fell 2% to Rs 42.04 crore.  Provision for interest up 50% to Rs 0.24 crore.  PBDT fell 2% to Rs 41.8 crore.  Provision for depreciation down 13% to Rs 1.98 crore.  Profit before tax down 2% to Rs 39.82 crore.  Provision for tax was expense of Rs 9.71 crore, compared to Rs 8.53 crore.  Effective tax rate was 24.38% compared to 21.02%. Profit after tax fell 6% to Rs 30.11 crore.  

Nine month performance

Net sales (including other operating income) of Voltamp Transformers has increased 81.22% to Rs 740.01 crore.  Operating profit margin has declined from 10.87% to 9.77%, leading to 62.77% rise in operating profit to Rs 72.27 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 75.82% to 80.96%.   Employee cost decreased from 5.74% to 3.82%.   Other expenses fell from 7.84% to 6.21%.   Other income fell 43.02% to Rs 35.14 crore.  PBIDT rose 1.26% to Rs 107.41 crore.  Provision for interest up 33.33% to Rs 0.56 crore.  PBDT rose 1.14% to Rs 106.85 crore.  Provision for depreciation down 13.70% to Rs 5.73 crore.  Profit before tax grew 2.13% to Rs 101.12 crore.  Provision for tax was expense of Rs 20.15 crore, compared to Rs 17.86 crore.  Effective tax rate was 19.93% compared to 18.04%. Profit after tax fell 0.22% to Rs 80.97 crore.  

Promoters’ stake was 50.00% as of 31 December 2021, compared to 50.00% as of 31 December 2020.  


 

Voltamp Tranformers: Result

 

2112 (3)

2012 (3)

Var.(%)

2112 (9)

2012 (9)

Var.(%)

2103 (12)

2003 (12)

Var.(%)

Sales

314.95

175.75

79

740.01

408.34

81

692.31

858.58

-19

OPM (%)

10.9

10.8

 

9.8

10.9

 

11.2

13.2

 

OP

34.39

19.00

81

72.29

44.40

63

77.45

113.74

-32

Other inc.

7.66

24.02

-68

35.14

61.67

-43

72.47

8.61

742

PBIDT

42.05

43.03

-2

107.42

106.07

1

149.92

122.35

23

Interest

0.24

0.16

49

0.56

0.42

33

0.60

0.00

 

PBDT

41.80

42.86

-2

106.86

105.65

1

149.31

122.35

22

Dep.

1.98

2.27

-13

5.73

6.64

-14

8.85

8.99

-2

PBT

39.82

40.59

-2

101.13

99.01

2

140.46

113.35

24

Taxation

9.71

8.53

14

20.15

17.86

13

28.24

23.98

18

PAT

30.11

32.06

-6

80.97

81.15

0

112.22

89.38

26

EPS (Rs)*

#

#

 

#

#

 

110.9

88.3

 

* EPS is on Current Equity Of Rs 10.12 Crore of face value of Rs 10 each

# EPS is not annualised due to seasonality of business

Figures in Rs crore

Source: Capitaline Corporate Database

    

Peer Comparision (Standalone) Q-202112
Sales
(Rs. Crs)
var.(%) OP
(Rs. Crs)
var.(%) Net Profit
(Rs. Crs)
var.(%) Share Price(Rs)
31-Jan-2022
var.(%)
over
One year
TTM EPS TTM PE
Voltamp Transformers Ltd 314.95 79.2 34.38 80.95 30.11 -6.08 2,087.90 71.71 110.74 18.85
Apar Industries Ltd 2,063.76 30.77 106.54 -24.65 52.87 -20.77 695.50 89.69 52.97 13.13
Bharat Heavy Electricals Ltd 4,918.98 17.03 89.21 LP 14.26 LP 58.00 51.83 -4.40 -
CG Power & Industrial Solutions Ltd 1,446.23 105.63 672.81 -72.64 143.66 711.18 174.15 331.60 2.40 72.54
Crompton Greaves Consumer Electricals Ltd 1,410.19 6.58 201.64 3.31 148.12 0.47 423.60 1.78 10.48 40.42
Havells India Ltd 3,652.25 15.36 440.34 -13.33 305.92 -12.38 1,183.60 11.53 18.27 64.80
JSL Industries Ltd 16.59 26.45 1.69 -26.2 1.11 -37.29 239.40 199.25 20.02 11.96
Kaycee Industries Ltd 8.23 34.48 0.71 173.08 0.54 390.91 4,076.65 50.15 234.92 17.35
KLK Electrical Ltd 0.10 -87.95 0.03 0 0.04 33.33 27.30 102.22 -0.23 -
Shilchar Technologies Ltd 45.67 34.28 5.87 40.1 4.56 80.24 313.25 43.04 17.64 17.76
Surana Solar Ltd 2.62 -28.42 0.25 -80.92 0.31 287.5 30.30 200.30 0.11 266.25
Suzlon Energy Ltd 983.34 132.88 52.07 LP -182.28 20.48 11.94 80.64 -0.90 -
TD Power Systems Ltd 187.71 52.34 21.91 60.04 14.72 135.52 426.05 217.59 13.70 31.09
Triveni Turbine Ltd 216.81 24.8 40.19 21.24 31.28 25.62 202.70 139.88 3.12 65.02
Ujaas Energy Ltd 13.66 112.44 -0.95 56.82 -3.51 35.12 5.93 85.89 -0.39 -
Industry 15,281.09 28.06 1,666.69 -47.72 561.71 206.76 1,83,858.98 65.48 112.63
Previous News
  Voltamp Transformers standalone net profit rises 47.65% in the March 2023 quarter
 ( Results - Announcements 26-May-23   07:46 )
  Voltamp Transformers standalone net profit declines 18.14% in the June 2021 quarter
 ( Results - Announcements 14-Aug-21   18:00 )
  Voltamp Transformers
 ( Results - Analysis 16-Aug-19   11:57 )
  Voltamp Transformers fixes record date for dividend
 ( Market Beat - Reports 02-Jul-24   18:00 )
  Voltamp Transformers standalone net profit declines 8.50% in the December 2020 quarter
 ( Results - Announcements 12-Feb-21   10:50 )
  Voltamp Transformers announces board meeting date
 ( Corporate News - 17-Jan-24   11:41 )
  Voltamp Transformers to convene AGM
 ( Corporate News - 19-Jul-22   19:17 )
  Voltamp Transformers intimates on temporary disruption at Savli factory
 ( Corporate News - 07-Aug-15   18:50 )
  Voltamp Transformers receives NCLT approval for scheme of amalgamation
 ( Corporate News - 19-Aug-21   18:23 )
  Voltamp Transformers to discuss results
 ( Corporate News - 03-Aug-17   13:57 )
  Voltamp Transformers announces resignation of director
 ( Corporate News - 26-Jun-24   17:35 )
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