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Veto Switchgears and Cables announces FY19 results

Posted On: 2019-05-24 15:17:51

Veto Switchgears and Cables Limited announces the following results for the Quarter & Year ended March 31,2019:

The Audited Standalone results for the Quarter / Year ended March 31, 2019:

The Company has posted a net profit of Rs. 137.79 Lacs for the quarter ended March 31, 2019 as compared to Rs. 538.98 Lacs for the quarter ended March 31,2018. Total Income has decreased from Rs. 4425.93 Lacs for the quarter ended March 31, 2018 to Rs. 3194.65 Lacs for the quarter ended March 31, 2019.

The Audited Standalone results for the Quarter / Year ended March 31, 2019:

Total Income stands at Rs. 12973.23 Lacs for the year ended March 31,2018 as compared to Rs. 11556.97 Lac for the year ended March 31, 2019. However, the Company has posted a net profit of Rs. 933.00 Lacs for the year ended March 31, 2019 as compared to Rs. 2004.09 Lacs for the year ended March 31,2018.

The Consolidated Results are as follows:

The Audited Consolidated results for the Quarter ended March 31, 2019:

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 110.82 Lacs for the Quarter ended March 31, 2019 as compared to Rs. 710.64 Lacs for the Quarter ended March 31, 2018.Total Income has decreased from Rs. 7116.53 Lac for the Quarter ended March 31, 2018to Rs. 4703.90 Lacs for the Quarter ended March 31, 2019.

The Audited Consolidated results for the Quarter / Year ended March 31, 2019:

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1157.30 Lacs for the Quarter / Year ended March 31, 2019 as compared to Rs. 2897.08 Lacs for the Quarter / Year ended March 31, 2018. Total Income has decreased from Rs. 25561.23 Lacs for the Quarter / Year ended March 31,2018 to Rs. 21867.74 Lacs for the Quarter / Year ended March 31, 2019.

Shares of Veto Switchgears and Cables Ltd was last trading in BSE at Rs.63.25 as compared to the previous close of Rs. 66.5. The total number of shares traded during the day was 13120 in over 310 trades.

The stock hit an intraday high of Rs. 66.55 and intraday low of 62.3. The net turnover during the day was Rs. 846111.


Source: Equity Bulls

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