Veto Switchgears & Cables' Q2 FY 2025-26 Quarterly Results
- 16 Nov 2025
Result Summary
- Veto Switchgears & Cables Ltd reported a 37.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.4%.
- Its expenses for the quarter were up by 35.6% QoQ and 23.1% YoY.
- The net profit increased 77.3% QoQ and increased 1.8% YoY.
- The earnings per share (EPS) of Veto Switchgears & Cables Ltd stood at 3.18 during Q2 FY 2025-26.
Financial Statments for Q2 FY 2025-26
Total Income | 89.62 | 65.22 | 74.43 | 37.4% | 20.4% |
Total Expenses | 81.79 | 60.30 | 66.42 | 35.6% | 23.1% |
Profit Before Tax | 7.83 | 4.93 | 8.01 | 58.8% | -2.2% |
Tax | 1.76 | 1.49 | 2.04 | 18.1% | -13.7% |
Profit After Tax | 6.08 | 3.43 | 5.97 | 77.3% | 1.8% |
Earnings Per Share | 3.18 | 1.80 | 3.12 | 76.7% | 1.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Veto Switchgears & Cables Ltd operates primarily in the electrical switchgear and cables industry. The company is known for manufacturing and distributing electrical products, including cables, wires, and switchgear components. These products are essential in both residential and industrial electrical systems, contributing to the infrastructure and construction sectors. As of the latest updates available up to October 2023, no recent major developments or acquisitions have been noted for Veto Switchgears & Cables Ltd.
Revenue
During the second quarter of the fiscal year 2026 (Q2FY26), Veto Switchgears & Cables Ltd reported a total income of ₹89.62 crores. This marks a significant quarter-over-quarter (QoQ) growth of 37.4% from ₹65.22 crores in Q1FY26 and a year-over-year (YoY) increase of 20.4% from ₹74.43 crores in Q2FY25. The rising revenue reflects the company's ability to generate higher sales or possibly expand market reach within the specified period. These figures indicate a robust revenue performance compared to both the previous quarter and the same quarter last year.
Profitability
The profitability metrics for Veto Switchgears & Cables Ltd show a profit before tax of ₹7.83 crores for Q2FY26, representing a 58.8% increase from ₹4.93 crores in Q1FY26. However, there is a slight decline of 2.2% compared to ₹8.01 crores in Q2FY25. The tax expenses for Q2FY26 are ₹1.76 crores, which is an 18.1% increase QoQ but a 13.7% decrease YoY. Ultimately, the profit after tax stands at ₹6.08 crores, showing a substantial QoQ growth of 77.3% from ₹3.43 crores in Q1FY26 and a modest YoY rise of 1.8% from ₹5.97 crores in Q2FY25. The earnings per share (EPS) also increased to ₹3.18 in Q2FY26, reflecting similar trends in profitability metrics.
Operating Metrics
Total expenses for Veto Switchgears & Cables Ltd in Q2FY26 were reported at ₹81.79 crores, increasing by 35.6% from ₹60.30 crores in Q1FY26 and 23.1% from ₹66.42 crores in Q2FY25. This rise in expenses corresponds with the increased revenue, suggesting higher operational costs possibly due to expanded business activities or increased production to meet demand. The company’s operating metrics indicate substantial business activity growth both quarterly and annually, aligned with the revenue and profitability increases observed.