Voltas Ltd, the air conditioning and engineering services arm of Tata Group, on Wednesday reported 11 per cent decline in consolidated net profit to Rs 166 crore during April to June from Rs 187 crore in the same quarter last fiscal.
Total income stood at Rs 2,697 crore as against Rs 2,176 crore in the year-ago period.
Voltas said its room air-conditioning business marked growth in sales volumes and the segment's revenue jumped by 47 per cent to Rs 1,749 crore as compared to Rs 1,191 crore in Q1 FY19.
Commercial refrigeration products and air coolers also witnessed increased traction and healthy growth with segment result higher by 54 per cent at Rs 230 crore as compared to Rs 149 crore in the corresponding quarter of last year.
The company said that its electro-mechanical projects and services segment clocked a revenue of Rs 824 crore in Q1 FY20 compared to Rs 866 crore in Q1 FY19. The engineering products and services segment revenue was at Rs 74 crore over Rs 77 crore in the year-ago period.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app