Voltamp Transformers has reported a 34 per cent year-on-year growth in order inflows during the first nine months (April to December) of FY24.
In a release filed on stock exchanges, Voltamp Transformers said that during the period April 1, 2023 to December 31, 2023, the company received new orders worth Rs.1,385 crore. This was 34 per cent higher than in the same period of FY23. In physical terms, the order inflow was 11,734 MVA, implying a year-on-year growth of 31 per cent.
The company’s order book at the opening of FY24, which is on April 1, 2023, was Rs.603 crore or 5,859 MVA.
The release also noted that the company’s operations during the nine-month period of FY24 were satisfactory. Order booking, production and despatches were in line with the budgeted numbers, the company said.
The enquiry pipeline was healthy and was expected to continue, Voltamp noted.
Impact on margins
- On the subject of margins, the company felt that from next year onwards, margins are likely to be adversely impact due to the following:
- MNCs and large players in industry going ahead with substantial capacity addition plans
- Few multinational players also repositioning themselves to cater private sector demand with regulation restricting their participation in utilities tenders
- Unlisted regional players bidding aggressively for green energy and private sector projects
- Weak/sick units are getting revived with increased demand, and EPC players are promoting them for achieving cost savings
Also read: Voltamp Transformers: Order Inflows Grows 22 Per Cent In H1 Of FY24
Featured photograph (source: Voltamp Transformers) shows a manufacturing facility of Voltamp Transformers in Gujarat.
