On Friday, Voltamp Transformers Ltd shares hit a new high of Rs 3,283, gaining 5 per cent on the Bombay Stock Exchange (BSE).

The market price (MP) of Voltamp Transformers has zoomed 77 per cent after the company reported strong March quarter (Q4FY22) results. In Q4FY22, sales of Voltamp went up by 36.3 per cent year on year (YoY) to Rs 387 crore.

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Profit after tax (PAT) jumped 67 per cent YoY to Rs 51.9 crore from Rs 31.1 crore in Q4FY21. Meanwhile, earnings before interest, taxes, depreciation and amortization (Ebitda) jumped 102 per cent YoY at Rs 66.7 crore, and Ebitda margins improved 561 bps YoY at 17.2 per cent.

After the company’s acquisition, HDFC MF’s holding increased from 4.91 per cent to 5.25 per cent. Last year in the fourth quarter HDFC MF held equity shares worth Rs 450,390 or a 4.45 per cent stake in Voltamp Transformers.