Voltas Q3 earnings: Voltas Q3 results: Profit jumps 46% to Rs 129 crore

NEW DELHI: Tata Group firm Voltas Ltd on Friday reported 46.26 per cent enhance in consolidated web revenue at Rs 128.64 crore for December quarter 2020-21. The corporate had posted a web revenue of Rs 87.95 crore in the identical quarter final fiscal yr, Voltas mentioned in a regulatory submitting.

Whole earnings in the course of the interval underneath evaluation stood at Rs 2,046.26 crore, up 32.29 per cent, as towards Rs 1,546.76 crore within the year-ago quarter, the corporate mentioned.

Voltas, the main air-conditioner producer, mentioned the cooling merchandise enterprise made a very good restoration, publish easing of the lockdown restrictions and achieved a file total quantity development of 40 per cent.

Voltas’ income from unitary cooling merchandise for consolation and business use section elevated 40 per cent to Rs 840 crore as in comparison with Rs 601 crore within the corresponding quarter final yr.

The corporate’s electro-mechanical tasks and providers section had a income of Rs 1,017 crore as in comparison with Rs 808 crore within the year-ago interval.

Shares of Voltas have been buying and selling 1.37 per cent decrease at Rs 1,086 apiece on BSE.

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