Voltas said a sharp rise in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 11.26 times to Rs 1,004.10 million from Rs 89.20 million in the same quarter last year.
Net sales for the quarter declined 8.41% to Rs 14,628.10 million, compared with Rs 15,971.10 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.03, registering 11.22 times growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 14,628.10 | 15,971.10 | (8.41) |
| Net Profit | 1,004.10 | 89.20 | 1025.67 |
| Basic EPS | 3.03 | 0.27 | 1022.22 |
Shares of the company gained Rs 1.95, or 1.1%, to settle at Rs 179.95. The total volume of shares traded was 322,498 at the BSE (Thursday).
