NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We revise our FY25/26E earnings per share estimates by +3.5%/5.8% factoring in strong demand outlook and healthy expected volume growth. Voltamp Transformers Ltd. reported mixed quarterly performance with revenue growth of 14.6% YoY and Ebitda margin contraction of 112 basis points YoY to 20.0%. Demand momentum is likely to sustain on the back of strong public and private capex.
Although near-term order booking may be slow due to ongoing elections and rising commodity prices, the enquiry pipeline remains healthy across sectors such as data centers, steel, metals and mining, commercial real estate, green energy, oil and gas, etc.
However, with rising competitive intensity, margins are expected to normalize at lower than current levels going forward. Voltamp Transformers' large installed base of over ~80,000 transformers will aid growth in the its high-margin service business.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
