Review

VOLTAMP TRANSFORMERS LTD. 

Ticker : 532757
FV: ₹ 10
52-Week H/L : ₹ 2,255.00/1,051.35

We recommended Voltamp Transformers in volume no. 38, issue no. 16 (dated February 07, 2022) when the scrip was trading at Rs 2,062.4. On a standalone quarterly front, the company recorded an increase of 79.2 per cent in the net sales & operating income, which stood at Rs 314.95 crore for Q3FY22 as compared to Rs 175.75 crore reported for Q3FY21. The operating profit squeezed by 2.28 per cent, standing at Rs 42.05 crore in Q3FY22 as compared to the operating profit of Rs 43.03 crore recorded in Q3FY21. The company reported a net profit of Rs 30.11 crore in Q3FY22 as compared to Rs 32.06 crore recorded in Q3FY21. On a QoQ basis, the company has given robust growth figures. Since the last five quarters, the promoters, as well as FIIs, have maintained their holdings. Also, compared to its peer companies, the company is currently trading at a decently lower PE ratio. Hence, we recommend HOLD.