Voltamp Transformers Ltd, in a stock exchange communication, said that its order inflow during FY24 was up 37 per cent, in value terms.
The company said that during FY24, order inflow stood at Rs.1,859 crore, up 37 per cent from that in FY23. In physical terms, order bookings in FY24 corresponded to transformers with aggregate capacity 15,284 MVA.
As of April 1, 2024, the company’s outstanding order book stood at Rs.840.66 crore, or 7,839 MVA in physical terms. “The company will continue pursuing only profitable growth opportunities ensuring balance sheet health,” Voltamp Transformers said.
In FY24, the company clocked 13,070 MVA of transformer sales, up 10 per cent from 11,883 MVA in FY23.
Meanwhile, the company has identified a suitable land parcel to put up a new transformer manufacturing factory near Jarod village on Vadodara-Halol Road in Gujarat. Voltamp expects all approvals to be in place by June 2024. The company will finance the new manufacturing facility through internal accruals.
Regarding business prospects, Voltamp expected the current demand momentum to continue in the medium term due to economic expansion, along with rise in government and private capital expenditure. The enquiry pipeline continues to be healthy, the company said, adding that due to the price rise in commodities and the ongoing election season, order closing tempo was currently a bit slow.
Also read: Voltamp Transformers: Order Inflow Grows 34 Pc In 9MFY24
Featured photograph (source: Voltamp Transformers) is for representation only