Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the earlier orders of the Mumbai-bench of the National Company Law Tribunal (NCLT), which had on May 27, 2025 rejected the petition on the grounds of a pre-existing dispute. NCLAT upheld the findings of NCLT, saying it "has committed no mistake" in finding that the email chain between appellant Air Wave Technocrafts and Voltas "reflects ongoing disputes" regarding work certification, amounts, and supporting documentation. "We see no reason to take a different view in the matter from that of the Adjudicating Authority (NCLT) in rejecting the Section 9 application on valid grounds of pre-existing disputes. In result, we find no merit in the Appeal. We find no reasons to interfere with the impugned order. The Appeal is dismissed," said NCLAT. NCLAT order came over a petition fil
Outlook for listed consumer durable majors may stay muted
Analysts highlighted elevated channel inventory, delayed consumer purchases, and a weak summer season as key challenges for the quarter for Voltas.
Brokerages trim FY26 estimates for 130 of 192 BSE 200 companies, with a median EPS downgrade of 3.5%
The Nifty Consumer Durable Index, which tracks the performance of 15 stocks in the consumer durables sector, jumped by 3.14 per cent, reaching an intra-day high of 38,503
Voltas Q1 revenue fell 20% on unseasonal rains and weaker AC sales, with margins hit; management expects festive season and "second summer" demand to aid recovery
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Voltas shares fell 8 per cent after its June quarter earnings missed estimates, with its profit falling 58 per cent
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Revenue from operations also fell 20% to 39.39 billion rupees, steeper than the roughly 10% drop that analysts were expecting
Electronics companies, including Samsung and Voltas, argue that government-mandated pricing for e-waste disposal increases costs and goes against the objectives of the Environment Protection Act
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Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger fundamentals and growth visibility.
According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather.
With regulatory curbs stalling Chinese investments in India, electronics firms like Voltas and PG Electroplast are exploring technology partnerships
Voltbek Home Appliances, a joint venture between Voltas and Turkish firm Arelik, narrowed its losses to Rs 241.89 crore in FY25 while its revenue from operations rose 39.5 per cent to Rs 2,235.53 crore. According to the latest annual report of the Tata Group firm, Voltbek also achieved robust volume growth of 57 per cent on a year-on-year basis, outperforming the industry, which experienced single-digit growth in key categories. In the preceding financial year ended March 2024, the joint venture had recorded a revenue from operations at Rs 1,602.87 crore and a loss of Rs 267.09 crore. "Voltbek, the company's home appliances joint venture, recorded a 56 per cent year-on-year growth in volumes, with notable market share gains in refrigerators and washing machines," said Voltas. Moreover, in FY25, Voltas invested Rs 102.41 crore in the share capital of Voltbek Home Appliances Private which was established in 2017 by the Tata group firm and Arelik, a Turkish multinational household ...
The air-conditioning industry will comply with the new temperature standardisation announced by the government within a couple of months, including resetting its inventory, without passing any additional costs to consumers. Leading room-air conditioner (RAC) makers such as Voltas, LG Electronics, Blue Star and Haier have welcomed the move and said the move will not only help the industry to grow sustainably by saving energy, but also optimise energy consumption, reduce grid load in peak summers and also extend the lifespan of the units. On Tuesday, Power Minister Manohar Lal Khattar said the government is working on a framework to standardise the default temperatures of air conditioners, including those in automobiles, in the range of 20 to 28 degrees Celsius. The industry will have to go for some minor modifications in the designs and settings of the remote control and its firmware (software embedded into hardware devices) for its implementation and needs up to six months for its .
Voltas share price: The board recommended dividend of ₹7 per share on face value of ₹1 per share (700 per cent) for the year 2024-25.
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