Rs 1498.66 crore order book and FIIs & DIIs increase stake: This multibagger power and transformers stock reports impressive quarterly results!

Shares of the company gained more than 70 per cent in the last six months.

Voltamp Transformers Limited reported robust second-quarter results for FY24, with net sales growth of 20.07 per cent to Rs 381.39 crore and operating profit growth of 39.16 per cent. The net profit for the quarter stood at Rs 68.44 crore, up from Rs 45.94 crore in the previous year's same quarter.

Voltamp Transformers Limited is engaged in the manufacturing of electrical transformers. Its product portfolio comprises oil-filled power and distribution transformers up to 160 megavolt ampere (MVA), 220-kilo volt (KV) class, and dry-type transformers up to 12.50 MVA, 33 KV class. The products find application in varied industries including power, oil refineries, real estate, infrastructure, and steel. The company’s production facilities are located at Makarpura and Savli in Vadodara, Gujarat with an aggregate installed capacity of 14,000 MVA.

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The company targets healthy sales growth in 2023-24. As of September 30, 2023, it has an order book of Rs. 1498.66 crores, which provides revenue visibility for the remaining quarter. The stock has delivered multibagger returns of more than 400 per cent in the last three years. Additionally, FIIs and DIIs increased their stake in the company in September 2023.

On Monday, the stock opened at Rs 5,359.05, with a high and low of Rs 5,359.05 and Rs 5,217.85. The stock is currently trading at Rs 5,371.65, up by 2.24 per cent over its previous close of Rs 5,253.95. The stock has a 52-week high of Rs 5,964.20 and a 52-week low of Rs 2,352.00.

The stock has shown impressive growth, and investors should keep a close eye on this stock.