Veto Switchgears & Cables consolidated net profit rises 163.01% in the March 2021 quarter

Sales rise 66.76% to Rs 64.82 crore

Net profit of Veto Switchgears & Cables rose 163.01% to Rs 4.55 crore in the quarter ended March 2021 as against Rs 1.73 crore during the previous quarter ended March 2020. Sales rose 66.76% to Rs 64.82 crore in the quarter ended March 2021 as against Rs 38.87 crore during the previous quarter ended March 2020.

For the full year,net profit rose 59.38% to Rs 14.79 crore in the year ended March 2021 as against Rs 9.28 crore during the previous year ended March 2020. Sales rose 20.64% to Rs 181.23 crore in the year ended March 2021 as against Rs 150.22 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales64.8238.87 67 181.23150.22 21 OPM %11.1710.21 -13.0312.55 - PBDT7.433.42 117 23.3915.82 48 PBT6.872.90 137 21.3913.92 54 NP4.551.73 163 14.799.28 59

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