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Voltas Q3 profit jumps 46% at Rs 129 crore; total income rises 32%

The company had posted a net profit of Rs 87.95 crore in the same quarter last fiscal year

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Voltas | Q3 results

Press Trust of India  |  New Delhi 

Notably, the company has also gained share in the inverter AC segment which aided segment margins
Voltas, a leading air-conditioner manufacturer, said the cooling products business made a good recovery, post easing of the lockdown restrictions

Tata Group company Ltd on Friday reported 46.26 per cent increase in consolidated net profit at Rs 128.64 crore for December quarter 2020-21.

The company had posted a net profit of Rs 87.95 crore in the same quarter last fiscal year, said in a regulatory filing.

Total income during the period under review stood at Rs 2,046.26 crore, up 32.29 per cent, as against Rs 1,546.76 crore in the year-ago quarter, the company said.

Voltas, a leading air-conditioner manufacturer, said the cooling products business made a good recovery, post easing of the lockdown restrictions and achieved a record overall volume growth of 40 per cent.

Voltas' revenue from unitary cooling products for comfort and commercial use segment increased 40 per cent to Rs 840 crore as compared to Rs 601 crore in the corresponding quarter last year.

The company's electro-mechanical projects and services segment had a revenue of Rs 1,017 crore as compared to Rs 808 crore in the year-ago period.

Shares of were trading 1.37 per cent lower at Rs 1,086 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 12 2021. 13:51 IST
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