Veto Switchgears And Cables Limited has informed the Exchange about Copy of Newspaper Publication
VETO · price
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Veto Switchgears and Cables Limited has published its unaudited financial results for the quarter ended June 30, 2025 in Business Standard and Mumbai Lakshadweep editions, in line with SEBI listing rules. On a standalone basis, total income rose to Rs 4,341.5 lakhs from Rs 4,174.3 lakhs in Q1 FY25, a growth of about 4%. Standalone net profit (after tax) declined to Rs 372.12 lakhs from Rs 431.48 lakhs year-on-year, a drop of roughly 14%. On a consolidated basis, total income grew to Rs 6,487 lakhs, but net profit fell sharply to Rs 33.21 lakhs from Rs 488.01 lakhs in the same quarter last year. The Board had approved these results at its meeting on August 13, 2025. The numbers point to modest top-line growth but significant profit erosion, especially at the consolidated level, suggesting margin pressure or subsidiary-level drag.
The sharp year-on-year drop in consolidated profit is likely to concern investors, even though the standalone performance was more stable. Shareholders should watch for clarity on what drove the consolidated profit collapse, as it could weigh on the stock in the near term.