Shares of Voltamp Transformers fell as much as 10% before paring most of the losses after the company reported a 7.8% year-on-year (YoY) increase in net profit to ₹85 crore for the September quarter from ₹78.85 crore in the corresponding quarter last year.
Revenue from operations rose 41.8% YoY to ₹684.2 crore in the September quarter, against ₹482.6 crore a year earlier.
The company’s net profit growth was partly weighed down by lower other income, which fell 46.3% year-on-year to ₹7.9 crore in the September quarter from ₹14.7 crore a year earlier.
Also read: Aeroflex Industries shares jump 18% after company raises FY27 revenue, EBITDA growth targets
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 13.2% to ₹106 crore from ₹93.6 crore in the year-ago period. However, the EBITDA margin contracted to 15.5% from 19.4%, a decline of 390 basis points. However, the margin improved sequentially in Q2FY27 from 12.8% in the June quarter.
For the first half of FY27, revenue from operations increased to ₹1,227.98 crore from ₹906.14 crore in the corresponding period last year. Net profit rose to ₹176.31 crore from ₹158.40 crore.
Voltamp Transformers operates in a single business segment, electrical transformers, according to its regulatory filing.
Following the Q2 results announcement, shares of the company dropped as much as 10.4% to an intraday low of ₹9,299. The shares have, however, recovered most of the losses and were trading at ₹10,186 around 1.30 pm, still down 1.9%. The stock remains positive year-to-date, gaining about 31% since January this year and more than 41% over the last 12 months.
Voltamp Transformers shares recover after 10% fall post Q2 results; margin contracts