KEY HIGHLIGHTS
Indo Tech Transformers Ltd’s (Indo Tech) Q2FY09 results were above expectations. Net sales rose by 27% YoY to Rs654mn and net profits by 39% to Rs142mn. OPM expanded by 515bps to 33.9% following a higher share of industrial orders.
Volumes, realisations boost net sales
Transformer volumes rose ~7.8% YoY to 815MVA. Average realisations
improved by 18% largely as a result of higher share of industrial orders.
Industrial orders accounted for 28% of revenues as against 16% YoY.
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