Voltamp Transformers on high wattage

Voltamp Transformers has done very well today morning. The stock rose over 15% to an intra day high at Rs.924.80, with volumes surging over 3 times. Its 52-week high is at Rs.962.25.

On a 21% (YoY) rise in net sales, the company posted a very good 3 times rise in net profit for Q2FY17 at Rs.21 crore. What really helped this boost in bottomline is the other income of Rs.15 crore.

Again thanks to this Rs.15 crore, its H1FY17 net profit stands increased at Rs.30 crore v/s Rs.44 crore for entire FY16. Thus even if its ensuing two quarters remains muted, it is sure to end the current fiscal on a high note.

Debt free, the company’s reserve stands at a healthy Rs.500 crore. Equity is at Rs.10.12 crore. Annualised EPS is at Rs.60 (FV of Rs.10).