Voltamp Transformers Q1 revenue rises 28% to Rs 543.78 crore
Voltamp Transformers Limited reported revenue from operations of Rs 543.78 crore for the quarter ended June 30, 2026, up 28% from Rs 423.58 crore in the corresponding quarter of the previous fiscal year.
Operating profit stood at Rs 76.91 crore during the quarter, representing an 11% increase over Q1 FY2026. However, the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin declined to 14.77% from 17.15% in the year-ago period.
Earnings per share increased 14.68% to Rs 90.17 during the quarter from Rs 78.63 in Q1 FY2026.
Order book
Voltamp entered the fiscal year with an order backlog of Rs 1,200 crore, representing 10,270 MVA of capacity. Since April 2026, the company has secured fresh orders worth Rs 1,142 crore for 7,775 MVA.
Together, the opening backlog and orders received since April provide total revenue visibility of Rs 2,342 crore, corresponding to 18,045 MVA, as of date.
Management expects to sustain healthy volume growth during FY2026-27, supported by a robust enquiry pipeline.
Capacity expansion
Construction of Voltamp’s new Extra High Voltage (EHV) Transformer factory has been completed within the budgeted timeline. The start of operations, however, has been deferred by approximately two months because of delays in the delivery of certain equipment imported by vendors.
The facility is expected to be fully ready by the end of the second quarter, with full-fledged manufacturing operations scheduled to begin from October 2026.
Voltamp is also planning additional manufacturing capacity for Dry Type Transformers to address capacity constraints at its existing Savli facility. The company has executed a land purchase agreement for a new plot near Vadodara, where the proposed manufacturing facility will be established.
The project involves capital expenditure of up to Rs 90 crore and will add 2,300 MVA of annual manufacturing capacity. Construction is expected to begin after government approvals are received, which are anticipated by September 2026.
The new facility is expected to take 12-14 months to complete and will be funded through internal cash accruals.
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