Voltamp reported net profit of Rs265mn (down 1% yoy), above expectations –
mainly due to higher EBITDA margins (20.3% versus 16.5% expected) attributed to
lower overheads. The revenues grew by 9% (below expectations) driven by
volume (3485 MVA) growth of 37% yoy and realization (Rs0.52mn/MVA) decline of
20% yoy. The key thing to note was that volumes have grown consecutively for
the second quarter after two quarters of significant decline, indicating increased
delivery acceptances from customer’s....

To get the full research report you can visit the below link:

http://www.dsij.in/productattachment...dation/Voltamp Transf.pdf

Source: dalal Street Investment journal
Dalal Street Investment Journal