Virtuoso Optoelectronics Limited (VOEPL) reported a remarkable 44% year-on-year growth in revenue for the third quarter of FY25, reaching ₹151 crore, compared to ₹104.7 crore in Q3 FY24. The company’s total revenue for the first nine months of FY25 also showed a healthy 35% increase, amounting to ₹464 crore. These positive results reflect the company’s strategic expansion and increased demand for its white goods and electronics manufacturing solutions.
The company is on track to achieve its projected FY25 revenue target of approximately ₹700 crore, with plans for a robust 45-55% year-on-year growth in the coming financial year. The growth is driven by the company’s expansion in manufacturing capacities, including the launch of its commercial refrigeration unit at Nasik, with an annual capacity of 1.5 lac units, planned to ramp up to 4 lac units by FY26. Additionally, VOEPL began operations at its component manufacturing facility in Chennai, which is poised to reach 4,000 sets per day.
Looking ahead, the company plans further expansions, including a second component manufacturing unit in Sanand, Gujarat, in FY25-26 and a new facility for reciprocal compressors and semi-automatic washing machines, both scheduled to begin operations by the end of the calendar year.
Key Highlights:
- Q3 FY25 revenue of ₹151 crore, up 44% YoY.
- Total revenue for 9M FY25 reaches ₹464 crore, up 35% YoY.
- Projected revenue for FY25: ₹700 crore, with growth plans for FY26.
- New manufacturing facilities for compressors and washing machines to begin by year-end.
- Expansion of air conditioning capacity to meet growing demand.
Manufacturing Capacities for FY25 and FY26:
- Air Conditioners (Outdoor Unit): 400,000 units in FY25, increasing to 1,000,000 units by FY26.
- Air Conditioners (Indoor Unit): 800,000 units in FY25, increasing to 1,000,000 units by FY26.
- Commercial Refrigeration: 150,000 units in FY25, increasing to 400,000 units by FY26.
The company is optimistic about its future, with the Managing Director, Mr. Sukrit Bharati, emphasizing the company’s commitment to expanding both existing and new product lines to strengthen its financial position and ensure customer satisfaction.
Disclaimer: This document may contain forward-looking statements, which are not guarantees of future performance. These statements involve risks and uncertainties, and actual results may differ significantly from those anticipated. The company does not undertake any obligation to update forward-looking statements. For further information, please refer to the company’s official communications.
