Voltas shares decline over 7% post Q2 results; check key numbers

The air-conditioning maker and engineering services provider on Tuesday reported a more than two-fold jump in consolidated net profit to ₹132.83 crore for the September quarter. 

The increase was led by a 56% volume growth from its room AC business.

It had posted a consolidated net profit of ₹35.65 crore in the July-September period a year ago, the company said in a regulatory filing.

Voltas' revenue from operations was up 14.23% to ₹2,619.11 crore during the quarter under review from ₹2,292.75 crore in the year-ago period.

Total expenses of Voltas increased 10.74% to ₹2,486.89 crore in the September quarter.

Voltas' total income, which includes other income, was up 16.53% in the September quarter to ₹2,754.58 crore.

The stock, however, recovered later and was trading nearly 3% lower at ₹1,718.85 on the BSE. 

For the six months ending September 30, 2024, the company said it achieved a 33% increase in consolidated total income, reaching ₹7,726 crore, up from ₹5,794 crore in the same period last year. 

Profit before tax soared by 128%, hitting ₹657 crore compared to ₹288 crore previously. Net profit (after tax) also saw a significant rise, standing at ₹468 crore, up from ₹165 crore in the corresponding period last year. This marks the highest half-yearly profits in the company's history.

In the quarter ending September 30, 2024, the consolidated total income grew by 15%, reaching ₹2,725 crore, compared to ₹2,364 crore in the same quarter last year. Profit before tax surged by 142%, soaring to ₹205 crore from ₹85 crore. Net profit (after tax) also saw a substantial increase, climbing to ₹133 crore from ₹36 crore in the corresponding quarter last year, the company's earnings release added.