Veto Switchgears & Cables' Q1 FY 2025-26 Quarterly Results

Result Summary

• Veto Switchgears & Cables Ltd reported a 21.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 5.8%.
• Its expenses for the quarter were down by 21.0% QoQ and up 9.4% YoY.
• The net profit increased 53.8% QoQ and decreased 29.7% YoY.
• The earnings per share (EPS) of Veto Switchgears & Cables Ltd stood at 1.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Veto Switchgears & Cables Ltd is a company that operates within the electrical manufacturing industry, focusing on the production and distribution of electrical switchgears and cables. The company serves a wide range of sectors, providing essential components for electrical infrastructure. Details regarding recent major developments in the company are not available from the provided data. The company's offerings typically include products such as electrical switches, sockets, wires, and cables, which are critical for residential, commercial, and industrial electrical installations.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Veto Switchgears & Cables Ltd reported a total income of ₹65.22 crores. This represents a decrease of 21.5% compared to the previous quarter (Q4FY25), where the total income was ₹83.03 crores. However, when compared to the same quarter of the previous fiscal year (Q1FY25), there was an increase of 5.8% from ₹61.63 crores. The year-over-year growth indicates a positive change in revenue compared to the previous year, despite the quarter-over-quarter decline.

Profitability

The company's profit before tax for Q1FY26 was ₹4.93 crores, which is a decrease of 26.5% from the ₹6.71 crores reported in Q4FY25. Compared to Q1FY25, when the profit before tax was ₹6.50 crores, there was a decline of 24.2%. The tax expense decreased significantly by 66.7% from the previous quarter, amounting to ₹1.49 crores in Q1FY26. Despite the lower tax expense, the profit after tax increased by 53.8% quarter-over-quarter to ₹3.43 crores, though it decreased by 29.7% year-over-year compared to Q1FY25. Earnings per share also exhibited similar trends, with a 50% increase from the previous quarter but a 28% decrease from the same quarter last year.

Operating Metrics

Total expenses for Veto Switchgears & Cables Ltd in Q1FY26 were ₹60.30 crores, marking a reduction of 21.0% from the previous quarter's ₹76.32 crores. However, when compared to Q1FY25, there was an increase of 9.4% from ₹55.13 crores. These expense metrics show a reduction in quarterly operational costs but an overall increase year-over-year. The company's ability to manage expenses while maintaining a profitable stance is reflected in the operating results, despite the profit before tax and after tax fluctuations. The financial data did not provide information to calculate specific financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio.