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Voltamp Transformers Q1 Review - Sound Performance In A Challenging Quarter: Yes Securities

Voltamp Transformers Q1 Review - Sound Performance In A Challenging Quarter: Yes Securities

<div class="paragraphs"><p>Transformers seen at a power sub-station. (Source: pxhere.com)</p></div>
Transformers seen at a power sub-station. (Source: pxhere.com)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Yes Securities Report

Voltamp Transformers Ltd. reported a strong set of numbers owing to ramp up in dispatches, robust growth in realisations (49% YoY/15% QoQ) and execution along with healthy operating margins despite a challenging environment.

Order book remains strong at ~Rs 7.4 billion (0.6 times trailing twelve months revenue) as on Q1 FY23, providing revenue visibility for the next few quarters.

Enquiry pipeline continues to remain buoyant on the back of capex investments across sectors such as infra, water, power, mining, oil and gas, ports, pharma, data centers, etc.

However, Voltamp’s key focus in FY23 would be to protect margins by closely monitoring supply chain and sourcing inputs at competitive costs.

Click on the attachment to read the full report:

Yes Securities Voltamp Q1FY23.pdf

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