QUARTER RESULTS JUNE 2025
VETO · price
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Veto Switchgears reported Q1 FY26 results with standalone revenue from operations at Rs. 4,324.15 lakhs, up about 3.6% from Rs. 4,174.35 lakhs in the same quarter last year. However, standalone net profit fell roughly 13.8% to Rs. 372.12 lakhs from Rs. 431.48 lakhs, with EPS at Rs. 1.95 versus Rs. 2.26. On a consolidated basis, revenue grew about 6% to Rs. 6,487.04 lakhs, but net profit dropped sharply by around 29.7% to Rs. 343.21 lakhs from Rs. 488.01 lakhs. The company operates in three segments — Wire & Cables, Lighting & Fittings, and Accessories & Others — and consolidates five subsidiaries. The statutory auditors SGCO & Co. LLP issued a clean limited review report with no qualifications or emphasis of matter.
Mixed quarter for shareholders — topline growth was modest while profitability shrank meaningfully, indicating margin pressure likely from rising material and operating costs. The sharp consolidated PAT decline despite revenue growth may weigh on near-term sentiment, though the business remains profitable with no audit concerns flagged.