The new order inflows for Voltamp Transformers Ltd for the first half (H1: April to September) of FY24 were 21.58 per cent higher, year-on-year.
In a stock exchange communication, Vadodara-based Voltamp Transformers said that its new order inflow in H1 of FY24 stood at Rs.896 crore as against Rs.737 crore in H1 of FY23, implying a growth of 21.58 per cent. In physical terms, the order inflow in H1 of FY24 was 7,037 MVA – 20.81 per cent higher than 5,825 MVA in H1 of FY23.
The company opened FY24 with an order book of Rs.602.66 crore (5,859 MVA). Given the new order inflow of Rs.896 crore (7,037 MVA), the company’s revenue visibility for FY24 of nearly Rs.1,500 crore (12,896 MVA). Besides, order booked from October 1, 2023 would also include a few where delivery would take place in FY24 itself.
The communication from Voltamp Transformers also indicated that with geopolitical tension, crude oil prices are on the rise and rupee depreciation against USD will lead to marginal increase in input material cost for past unexecuted orders.
In the run-up to the 2024 General Elections, there could be a likely slowdown in orders from the government sector, the company said. All the same, the enquiry pipeline was healthy and this was expected to continue, Voltamp said.
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