Veto Switchgears & Cables Ltd's Q3FY25 Quarterly Results

Result Summary

• Veto Switchgears & Cables Ltd reported a 3.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 6.4%.
• Its expenses for the quarter were up by 8.3% QoQ and down 4.1% YoY.
• The net profit decreased 39.2% QoQ and decreased 25.8% YoY.
• The earnings per share (EPS) of Veto Switchgears & Cables Ltd stood at 1.9 during Q3FY25.

Financial Statments for Q3FY25

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 engaged in the manufacturing and distribution of electrical equipment, primarily focusing on electrical switchgears and cables. The firm operates within the broader electrical components industry, serving a range of clients, including both residential and commercial sectors. With a focus on innovation and quality, the company aims to address the growing demand for electrical infrastructure in emerging markets. As of the information available, no recent major developments or strategic shifts have been publicly disclosed, and additional company-specific details are not available within the provided data.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Veto Switchgears & Cables Ltd reported a total income of ₹77.16 crores. This reflects a quarter-over-quarter (QoQ) increase of 3.7% from ₹74.43 crores in Q2FY25. However, on a year-over-year (YoY) basis, total income decreased by 6.4% from ₹82.43 crores in Q3FY24. These figures suggest changes in the company's revenue generation over the different periods, with a slight improvement from the previous quarter, albeit a decline compared to the same quarter last year.

Profitability

The company's profitability metrics reveal a decline in performance both QoQ and YoY. Profit Before Tax (PBT) for Q3FY25 stood at ₹5.22 crores, which is a decrease of 34.8% from ₹8.01 crores in Q2FY25 and 29.9% from ₹7.45 crores in Q3FY24. Correspondingly, the tax expense also decreased, recording ₹1.58 crores in Q3FY25, down 22.5% QoQ and 38.3% YoY. Consequently, Profit After Tax (PAT) decreased to ₹3.63 crores in Q3FY25, reflecting a 39.2% decline from the previous quarter and a 25.8% decrease from the same quarter last year. This performance is further reflected in the Earnings Per Share (EPS), which also saw a decline, standing at ₹1.90 in Q3FY25, down from ₹3.10 in Q2FY25 and ₹2.60 in Q3FY24.

Operating Metrics

Total expenses for Veto Switchgears & Cables Ltd in Q3FY25 were reported at ₹71.94 crores. This indicates an increase of 8.3% from ₹66.42 crores in Q2FY25, but a decrease of 4.1% from ₹74.98 crores in Q3FY24. This fluctuation in expenses has contributed to the variations observed in profitability metrics. The increase in expenses QoQ, alongside a less significant increase in income, has impacted the company's profit margins for this quarter. The financial data available does not provide specific operating ratios such as the P/E ratio, debt-to-equity ratio, or current ratio for a detailed analysis of financial health.