Voltas has moved higher by 8% to Rs 107 in otherwise weak market after reporting a strong operational performance for the third quarter ended December 31, 2013 (Q3 FY14).
The company has posted more than double consolidated operating profit before exceptional items at Rs 74 crore in Q3 against Rs 34 crore in the same quarter last fiscal.
The consolidated income from operations for the quarter ended 31st December, 2013 was at 21,115 crore as compared to Rs 21,150 crore in the corresponding quarter last year, Voltas said in a statement.
Meanwhile, the company’s consolidated net profit after exceptional items declined by 18.7% at Rs 61.92 crore against Rs 76.14 crore in the previous year quarter. The company has recorded a one-time gain of Rs 4.25 crore for the quarter as compared to Rs 59 crore in the corresponding quarter of previous fiscal.
The stock opened at Rs 99 and touched a low of Rs 97 on the BSE. A combined 9.12 million shares changed hands on the counter till late noon deals on the BSE and NSE.
The company has posted more than double consolidated operating profit before exceptional items at Rs 74 crore in Q3 against Rs 34 crore in the same quarter last fiscal.
The consolidated income from operations for the quarter ended 31st December, 2013 was at 21,115 crore as compared to Rs 21,150 crore in the corresponding quarter last year, Voltas said in a statement.
Meanwhile, the company’s consolidated net profit after exceptional items declined by 18.7% at Rs 61.92 crore against Rs 76.14 crore in the previous year quarter. The company has recorded a one-time gain of Rs 4.25 crore for the quarter as compared to Rs 59 crore in the corresponding quarter of previous fiscal.
The stock opened at Rs 99 and touched a low of Rs 97 on the BSE. A combined 9.12 million shares changed hands on the counter till late noon deals on the BSE and NSE.
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