Stock in Focus: Transformer maker Voltamp Transformers Ltd said it has received a letter of intent worth ₹85.05 crore (including GST) from Gujarat Energy Transmission Corporation Ltd. This order includes supply of power transformers of different ratings. The company will complete this work in six months. This order is related to design, manufacturing, testing and supply of transformers. The company clarified that this is a completely domestic contract.
Revenue and profit increased in Q2
Voltamp Transformers’ net profit increased 4.2% year-on-year to ₹78.85 crore. Revenue grew 21.3% to ₹482.6 crore, and EBITDA grew 24.8% to ₹93.55 crore. Operating margin remained strong at 19.4%.
Invoicing affected by rain
Due to heavy rains, access to many delivery sites was not possible. This affected the company’s invoicing by about ₹10 crore. Despite this, Voltamp delivered its highest-ever high-rated 160 MVA, 220 kV transformer ahead of schedule.
order book strong
Voltamp Transformers started FY26 with an order book of ₹938 crore. New orders worth ₹1,377 crore have been received so far and contract confirmations worth ₹92 crore are awaited. The company says the order pipeline is strong and revenue visibility for the next quarters is good.
Condition of Voltamp shares
Shares of Voltamp Transformers closed 1.03% lower at ₹8,070 on the BSE on Thursday. The stock has given a return of 12.69% in the last 1 month. However, Voltamp shares have fallen 21.57% in the last one year. This year i.e. in 2025 also the stock has fallen by 22.47%. In the last 5 years it has given multibagger returns of 587.95%.
What is Voltamp’s business?
The main business of Voltamp Transformers is manufacturing and supplying power and distribution transformers. The company supplies transformers of varying capacities to power distribution companies, government utilities and industrial plants. From design to testing and delivery, she does the entire work herself. It is included among the important companies in the heavy electrical equipment sector.
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