Press Release issued in connection with the Financial Results for the quarter and year ended March 31, 2026.

Voltamp Transformers reported its highest ever annual revenue of Rs.2,153.69 crores in FY26, up 11% from Rs.1,934.23 crores in FY25. However, Q4 FY26 revenue slipped 1% to Rs.617.22 crores. EBITDA margin contracted significantly — full year margin fell to 16.50% from 18.93% and Q4 margin dropped sharply to 13.17% from 18.63% — due to one-time provisions (Rs.4.85 crore labour code compliance and Rs.5.50 crore employee incentives), rupee depreciation making imported raw materials costlier, and steep rise in transformer oil prices due to Middle East conflict. Other income was also impacted by negative mark-to-market losses on government securities and mutual fund investments made during high interest rate periods. The company entered FY27 with a strong order backlog of Rs.1,200 crores and added Rs.310 crores in new orders in April 2026. The board recommended a dividend of Rs.100 per share (1000%). A new power transformer factory is on track to be operational from July 2026, and the board approved Rs.25 crore for acquiring land near Vadodara for future use.