Q3FY17 results: Veto Switchgears & Cables
Bhagyashree Vivarekar / 13 Feb 2017
The company reported a PAT figure of Rs 3.16 crore, which represents a sequential QoQ increase of 8.59 per cent.
Veto Switchgears and Cables Ltd. reported its results for the quarter-ended December 31, 2016 during the market hours on Monday.
The total sales for this quarter, Q3FY17, came in at Rs 24.47 crore. This represents a 21.24 per cent sequential decline and 15.91 per cent YoY decline.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs 2.32 crore and the EBIT margin stood at 9.48 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs 3.16 crore, which represents a sequential QoQ increase of 8.59 per cent.
The company's stock which opened for trading at Rs 139 on the BSE, has fallen by 3.2 per cent after the results were declared and is currently trading around Rs 136.
Veto Switchgears and Cables Ltd. is engaged in the manufacture and sale of wires, cables and electrical accessories in India. The company's product portfolio ranges from industrial cables, stand cables to telephone and co-axial wires, general switches, modular switches, ceiling & rechargeable fans, compact fluorescent lamps and other electrical accessories.
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