Voltas Q4 profit up 17.55% at Rs 118 cr

Company's net sales in the fourth quarter of 2014-15 increased marginally by 2.32% to Rs 1,484 cr

Tata Group firm Voltas Ltd today reported a 17.55 per cent increase in consolidated net profit at Rs 118.04 crore for the fourth quarter ended March 31, 2014-15.

The company had net profit of Rs 100.41 crore in the January-March quarter of 2013-14.

Voltas' net sales in the fourth quarter of 2014-15 increased marginally by 2.32 per cent to Rs 1,484.09 crore from Rs 1,450.36 crore for the same period of last fiscal, Voltas said in a filing to the BSE.

For the financial year 2014-15, the company had a net profit of Rs 384.33 crore. It was Rs 245.73 crore in the 2013-14 fiscal.

Voltas' net sales for 2014-15 were at Rs 5,144.29 crore as against net sales of Rs 5,243.66 crore in the previous fiscal year.

Meanwhile, in a separate filing, Voltas said its Board of Directors have recommended a dividend of Rs 2.25 per share for the year 2014-15.

Voltas scrip settled at Rs 288.30 apiece on the BSE, down 2.29 per cent from its previous close.