Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
14 April, 2021 18:58 IST
Voltas Q3 consolidated net profit jumps 47% to Rs 1,290 mn
Source: IRIS | 12 Feb, 2021, 06.07PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Voltas, an engineering, air conditioning and refrigeration company based in Mumbai, India reported a 47% rise in consolidated net profit to Rs 1,290 million for the quarter ended December 2020.

The company had posted a net profit of Rs 880 million in the corresponding quarter last year.

Profit before Tax was also higher by 39%, at Rs. 1,660 million as compared to Rs. 1,190 million in the corresponding quarter last year.

Total Income of the company grew 32.26% to Rs 20,460 million in December 2020 from Rs. 15,470 million in December 2019.

Voltas EPS increased to Rs 3.87 in December 2020 from Rs 2.63 in December 2019.

The company said, the cooling products business made good recovery, post easing of the lockdown situation and achieved a record overall volume growth of 40%, contributed by 43% increase in the sales volume of Room Air conditioners (ACs), 100% in Commercial Refrigeration Products and 11% in Air Coolers. Voltas continues to be the market leader and is at No.1 position in ACs with a YTD market share of 26% in December 2020. Segment Revenue increased by 40% and was at Rs. 8,400 million as compared to Rs. 6010 million in the corresponding quarter last year.

Voltas' electro-mechanical projects and services segment revenue for the quarter was higher by 26% at Rs. 10,170 million as compared to Rs. 80,80 million in the corresponding quarter last year.

Shares of the company declined Rs 21.95, or 1.99%, to settle  at  Rs 1,079.10.  The total volume of shares traded  was  276,569 at  the BSE (Friday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Inox Leisure starts commercial operations of Multiplex Cinema Theatre in Bangalore - 14-Apr-2021 19:03
Venus Remedies enters into partnership with West Pharmaceutical Services - 14-Apr-2021 17:30
IDBI Capital maintains Accumulate on TCS with target of Rs 3,530 - 14-Apr-2021 12:31
TCS 4QFY21: Strong FY21 exit rate and deal wins to drive growth in FY22: Motilal Oswal - 14-Apr-2021 09:21
ELGi partners with Italian Red Cross to maintain critical COVID-19 response vehicles - 14-Apr-2021 08:50
Apollo Tyres launches cross-ply rib tyre for steer axles in CVs - 12-Apr-2021 18:40
Shri Bajrang Alliance donates 200 Oximeters to prevent Covid-19 situation in Raipur - 12-Apr-2021 18:25
Salora International board approves to sell property in UP - 12-Apr-2021 13:56
Ratnamani Metals & Tubes wins order worth Rs 5,940 mn - 12-Apr-2021 13:21
Kalpataru Power arm secures orders worth Rs 12.62 bn - 12-Apr-2021 13:07
Natco Pharma gets tentative approval for Ibrutinib Tablets - 12-Apr-2021 12:43
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer