Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Volt.Transform.
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 440 | 322 | 381 | 408 | 504 | 428 | 398 | 484 | 625 | 424 | 483 | 630 | 617 |
| Expenses + | 347 | 274 | 313 | 304 | 403 | 352 | 323 | 384 | 508 | 351 | 389 | 523 | 536 |
| Operating Profit | 93 | 48 | 69 | 105 | 101 | 76 | 75 | 99 | 116 | 73 | 94 | 108 | 81 |
| OPM % | 21% | 15% | 18% | 26% | 20% | 18% | 19% | 20% | 19% | 17% | 19% | 17% | 13% |
| Other Income + | 11 | 23 | 18 | 25 | 23 | 29 | 32 | 7 | 17 | 36 | 15 | 26 | -10 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 |
| Profit before tax | 101 | 68 | 84 | 126 | 119 | 101 | 104 | 102 | 129 | 105 | 104 | 130 | 67 |
| Tax % | 24% | 26% | 18% | 25% | 22% | 22% | 27% | 28% | 25% | 24% | 24% | 24% | 29% |
| Net Profit + | 77 | 51 | 68 | 95 | 94 | 79 | 76 | 73 | 97 | 80 | 79 | 99 | 48 |
| EPS in Rs | 75.68 | 50.19 | 67.65 | 93.51 | 92.45 | 78.52 | 74.86 | 72.55 | 95.71 | 78.63 | 77.94 | 97.93 | 47.35 |
Financials of Volt.Transform.
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 517 | 563 | 611 | 639 | 829 | 859 | 692 | 1,127 | 1,385 | 1,616 | 1,934 | 2,154 |
| Expenses + | 497 | 526 | 551 | 571 | 735 | 744 | 615 | 988 | 1,154 | 1,294 | 1,568 | 1,798 |
| Operating Profit | 20 | 37 | 60 | 67 | 94 | 114 | 77 | 139 | 231 | 322 | 366 | 355 |
| OPM % | 4% | 7% | 10% | 11% | 11% | 13% | 11% | 12% | 17% | 20% | 19% | 16% |
| Other Income + | 21 | 28 | 39 | 39 | 36 | 9 | 72 | 43 | 40 | 89 | 85 | 67 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 7 | 6 | 6 | 6 | 7 | 9 | 9 | 8 | 10 | 11 | 13 | 15 |
| Profit before tax | 33 | 59 | 93 | 100 | 123 | 113 | 140 | 173 | 260 | 398 | 436 | 406 |
| Tax % | 15% | 26% | 22% | 27% | 31% | 21% | 20% | 23% | 23% | 23% | 25% | 25% |
| Net Profit + | 28 | 44 | 72 | 73 | 85 | 89 | 112 | 133 | 200 | 307 | 325 | 305 |
| EPS in Rs | 28.08 | 43.47 | 71.37 | 72.63 | 83.86 | 88.35 | 110.92 | 131.30 | 197.63 | 303.80 | 321.64 | 301.85 |
| Dividend Payout % | 36% | 29% | 21% | 21% | 27% | 28% | 23% | 27% | 30% | 30% | 31% | 33% |
Financials of Volt.Transform.
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 431 | 459 | 555 | 610 | 677 | 738 | 824 | 932 | 1,097 | 1,344 | 1,578 | 1,782 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 1 |
| Other Liabilities + | 55 | 51 | 48 | 50 | 64 | 69 | 82 | 119 | 115 | 164 | 186 | 226 |
| Total Liabilities | 495 | 521 | 613 | 670 | 751 | 817 | 916 | 1,061 | 1,223 | 1,521 | 1,776 | 2,018 |
| Fixed Assets + | 41 | 39 | 38 | 43 | 48 | 58 | 53 | 62 | 67 | 77 | 118 | 118 |
| CWIP | 1 | 0 | 1 | 3 | 0 | 1 | 8 | 8 | 0 | 1 | 3 | 108 |
| Investments | 211 | 220 | 313 | 352 | 381 | 454 | 492 | 561 | 718 | 922 | 1,056 | 995 |
| Other Assets + | 242 | 262 | 260 | 272 | 321 | 304 | 363 | 431 | 437 | 522 | 599 | 797 |
| Total Assets | 495 | 521 | 613 | 670 | 751 | 817 | 916 | 1,061 | 1,223 | 1,521 | 1,776 | 2,018 |
Financials of Volt.Transform.
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -10 | -1 | 78 | 43 | 32 | 108 | 20 | 66 | 168 | 216 | 219 | 140 |
| Cash from Investing Activity + | 24 | 12 | -60 | -20 | -11 | -86 | 21 | -46 | -127 | -141 | -116 | -1 |
| Cash from Financing Activity + | -12 | -12 | -16 | -18 | -18 | -27 | -26 | -26 | -36 | -63 | -94 | -104 |
| Net Cash Flow | 2 | -2 | 2 | 4 | 3 | -5 | 14 | -7 | 4 | 12 | 9 | 34 |
| Free Cash Flow | -13 | -4 | 72 | 30 | 22 | 88 | 10 | 47 | 161 | 199 | 159 | 15 |
| CFO/OP | -22% | -3% | 165% | 105% | 74% | 120% | 56% | 75% | 99% | 94% | 88% | 68% |
Financials of Volt.Transform.
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 96 | 92 | 83 | 78 | 64 | 90 | 62 | 60 | 54 | 55 | 46 |
| Inventory Days | 70 | 78 | 63 | 96 | 84 | 94 | 123 | 123 | 83 | 108 | 85 | 90 |
| Days Payable | 11 | 4 | 1 | 1 | 1 | 6 | 7 | 1 | 1 | 4 | 2 | 2 |
| Cash Conversion Cycle | 161 | 171 | 154 | 177 | 161 | 152 | 206 | 184 | 142 | 158 | 139 | 134 |
| Working Capital Days | 130 | 135 | 120 | 118 | 106 | 91 | 130 | 99 | 82 | 76 | 74 | 92 |
| ROCE % | 6% | 11% | 17% | 16% | 18% | 15% | 15% | 19% | 25% | 32% | 29% | 24% |
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