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Veto Switchgears & Cables Ltd Q1FY24; 25% fall in Profits

Veto Switchgears is engaged in manufacturing of Wires & cables, Electrical Accessories & all type of range of led lighting, CFL & Fans. Company’s manufacturing unit is located at Haridwar & Vasai (Mumbai). The Brand name “Veto” is since 1967.

Financial Results:

Veto Switchgears & Cables Ltd reported Revenues for Q1FY24 of ₹66.96 Crores up from ₹59.85 Crore year on year, a rise of 11.88%.

Total Expenses for Q1FY24 of ₹60.86 Crores up from ₹52.13 Crores year on year, a rise of 16.75%.

Consolidated Net Profit of ₹4.90 Crores down 24.62% from ₹6.50 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.54, down 24.40% from ₹3.36 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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