Veto Switchgears and Cables Limited reports earnings for Q1FY21

Veto Switchgears and Cables Limited has announced the financial results for the quarter ended June 30th, 2020.

The Unaudited Standalone results for the Quarter ended June 30, 2020:

The Company has posted a net profit of Rs. 217.94 Lacs for the quarter ended June 30, 2020 as compared to Rs. 233.52Lacs for the quarter ended June 30, 2019.

The Total Income of the company has decreased from Rs. 2676.99Lacs for the quarter ended June 30, 2019 to Rs. 2149.51Lacs for the quarter ended June 30, 2020.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended June 30, 2020:

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 225.79Lacs for the Quarter ended June 30, 2020 as compared to Rs. 163.50 Lacs for the Quarter ended June 30,2019.

The Total Income has decreased from Rs. 3563.87 Lacs for the Quarter ended June 30, 2019 to Rs. 2332.99Lacs for the Quarter ended June 30, 2020.

Shares of Veto Switchgears and Cables Ltd was last trading in BSE at Rs.43.25 as compared to the previous close of Rs. 43.35. The total number of shares traded during the day was 8547 in over 232 trades.

The stock hit an intraday high of Rs. 44.8 and intraday low of 43.05. The net turnover during the day was Rs. 375039.

Source : Equity Bulls

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