Voltas Ltd Share Price – NSE  / BSE

Consumer Durables, Small Cap

On year on year basis, the net profit zoomed 265.29% and revenue from operations rose 14.23% in September 2024 quarter.

Profit before tax (PBT) in second quarter of FY25 stood at Rs 205.43 crore, down 54.5% QoQ while up 141.8% YoY.

On half yearly basis, the company surged 182.11% to Rs 468.22 crore on 33.39% rise in revenue from operations to Rs 7,540.13 crore in H1 FY25 over H1 FY24.

The unitary cooling products business continued to outperform the market and maintained its growth momentum. Overall volume grew by 56%. Voltas continued to be a market leader both in split and window air-conditioners with an exit market share of 21% as at September 2024.

The overall segment revenue grew by 31% to Rs 1,582 crore as compared to Rs 1,209 crore in the corresponding period last year. Segment result saw an increase of 25% to Rs 116 crore as compared to Rs 93 crore in the corresponding quarter last year.

The Electro-Mechanical Projects and Services segment comprises both Domestic and International Projects businesses. The Domestic Projects business, which spans MEP, Water, Electrical and Solar sectors, experienced a growth of around 6% during the period, despite incessant rains affecting all its sub-verticals.

The engineering products and services segment revenue rose 9% to Rs 147 crore in the quarter ended 30 September 2024.

Voltas is a premier air conditioning and engineering solutions provider and a projects specialist. The company is part of the Tata Group. In addition to room air conditioners, it also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio.

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Voltas Ltd lost 6.17% today to trade at Rs 1661.2. The BSE Consumer Durables index is down 1.23% to quote at 61212.07. The index is down 9.53 % over last one month. Among the other constituents of the index, Amber Enterprises India Ltd decreased 1.22% and Titan Company Ltd lost 1.2% on the day. The BSE Consumer Durables index went up 38.15 % over last one year compared to the 25.35% surge in benchmark SENSEX.

Voltas Ltd has lost 10% over last one month compared to 9.53% fall in BSE Consumer Durables index and 5.02% drop in the SENSEX. On the BSE, 12132 shares were traded in the counter so far compared with average daily volumes of 35549 shares in the past one month. The stock hit a record high of Rs 1946.2 on 20 Sep 2024. The stock hit a 52-week low of Rs 811.5 on 30 Nov 2023.

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Net profit of Voltas rose 265.29% to Rs 133.99 crore in the quarter ended September 2024 as against Rs 36.68 crore during the previous quarter ended September 2023. Sales rose 14.72% to Rs 2601.15 crore in the quarter ended September 2024 as against Rs 2267.43 crore during the previous quarter ended September 2023.

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Voltas will hold a meeting of the Board of Directors of the Company on 29 October 2024.

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