{"id":153855,"date":"2023-08-14T13:43:38","date_gmt":"2023-08-14T17:43:38","guid":{"rendered":"https:\/\/44.250.171.167\/?p=153855"},"modified":"2023-08-14T13:43:39","modified_gmt":"2023-08-14T17:43:39","slug":"veto-switchgears-25-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/veto-switchgears-25-fall-in-profits\/","title":{"rendered":"Veto Switchgears &#038; Cables Ltd Q1FY24; 25% fall in Profits"},"content":{"rendered":"\n<p>Veto Switchgears is engaged in manufacturing of Wires &amp; cables, Electrical Accessories &amp; all type of range of led lighting, CFL &amp; Fans. Company&#8217;s manufacturing unit is located at Haridwar &amp; Vasai (Mumbai). The Brand name &#8220;Veto&#8221; is since 1967.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Veto Switchgears &amp; Cables Ltd reported Revenues for Q1FY24 of \u20b966.96 Crores up from \u20b959.85 Crore year on year, a rise of 11.88%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b960.86 Crores up from \u20b952.13 Crores year on year, a rise of 16.75%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b94.90 Crores down 24.62% from \u20b96.50 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b92.54, down 24.40% from \u20b93.36 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055.png\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055-839x1024.png\" alt=\"\" class=\"wp-image-153856\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Veto Switchgears is engaged in manufacturing of Wires &amp; cables, Electrical Accessories &amp; all type of range of led lighting, CFL &amp; Fans. Company&#8217;s manufacturing unit is located at Haridwar &amp; Vasai (Mumbai). The Brand name &#8220;Veto&#8221; is since 1967. Financial Results: Veto Switchgears &amp; Cables Ltd reported Revenues for Q1FY24 of \u20b966.96 Crores up [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":153856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5746],"tags":[8204,13261,11887],"class_list":["post-153855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-energy-stocks","tag-electrical-equipments","tag-veto","tag-wires"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1055.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":151655,"url":"https:\/\/alphastreet.com\/india\/salzer-electronics-ltd-q1fy24-6-rise-in-profits\/","url_meta":{"origin":153855,"position":0},"title":"Salzer Electronics Ltd Q1FY24; 6% rise in Profits","author":"Chirag Gupta","date":"August 7, 2023","format":false,"excerpt":"Salzer Electronics Limited is engaged in offering Total and Customised Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. It is also involved in manufacturing CAM Operated Rotary switches & Wire Ducts in India. Financial Results: Salzer Electronics Ltd reported Revenues for Q1FY24 of \u20b9281.86 Crores up from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-328.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":152104,"url":"https:\/\/alphastreet.com\/india\/hpl-electric-10-rise-in-profits\/","url_meta":{"origin":153855,"position":1},"title":"HPL Electric &#038; Power Ltd Q1FY24; 10% rise in Profits","author":"Hardik Bhandare","date":"August 9, 2023","format":false,"excerpt":"HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The Company has significant presence across five key product verticals of electric equipment \u2013 metering solutions, modular switches, switchgears, LED lighting and wiresand cables. It caters to a wide spectrum of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-478.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169205,"url":"https:\/\/alphastreet.com\/india\/polycab-india-ltd-q1fy26-49-rise-in-profits\/","url_meta":{"origin":153855,"position":2},"title":"Polycab India Ltd Q1FY26; 49% rise in Profits","author":"Chirag Gupta","date":"July 18, 2025","format":false,"excerpt":"Polycab is India\u2019s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. 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