Shares of Voltamp Transformers Ltd rallied 5.75% to touch a day’s high of Rs 8,577 on 28th November, after the firm announced on Thursday (27th November) that it has received a Letter of Intent from Gujarat Energy Transmission Corporation Ltd for an Rs 85.05 crore order, inclusive of GST, for the supply of various power transformer ratings.

The order covers the design, manufacture, testing and supply of power transformers as per tender requirements. Voltamp said the contract, awarded by a domestic entity, will be completed within six months.

Voltamp Transformers Second Quarter Results

In its quarterly results, Voltamp reported a 4.2% YoY rise in net profit to Rs 78.85 crore. Meanwhile, revenue grew 21.3% to Rs 482.6 crore. EBITDA increased 24.8% to Rs 93.55 crore, showing a strong margin of 19.4%.

The company noted that heavy rain made certain delivery sites inaccessible. This affected invoicing by about Rs 10 crore. Even so, Voltamp achieved a major milestone by manufacturing and delivering its highest-rated power transformer. It delivered a 160 MVA, 220 kV unit — ahead of schedule.

Voltamp began FY26 with an order book of Rs 938 crore and added Rs 1,377 crore in new orders so far. It has another Rs 92 crore awaiting final confirmation. The company said its order pipeline remains strong. This gives solid revenue visibility for the coming quarters.

At 10:45 AM, shares of Voltamp Transformers were trading 5.51% higher at Rs 8,516 on NSE.

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