Page 3 - Voltas

Tata Group's Voltas defies market gravity, shares rise 4%; details here

The surge in Voltas' share price follows the news that the company has completed the transfer of its 92 per cent direct investment in Saudi Ensas Company

Polycab, Voltas, KEI, Lodha can slide up to 18% as charts flag this warning

Technical charts of Polycab India, Voltas, KEI Industries and Lodha show the formation of a bearish pattern, namely 'Death Cross' on the daily scale; hence these stocks may see further downside.

CLSA, UBS upbeat on Consumer Durables stocks post-Budget 2025; details here

Havells rallied as much as 6.53 per cent to hit an intraday high of Rs 1,669 per share, while Voltas zoomed 5.55 per cent to hit an intraday high of Rs 1,331

PB Fintech, Voltas: 5 most actively traded stocks on Day1 of Feb F&O series

Derivative market update for February 1: Data shows that FIIs hold 8 short positions in index futures for every long trade; retail, DIIs, proprietary traders hold bullish bets.

Voltas Q3FY25 results: Net profit at Rs 130.76 cr, revenue up 17.9%

Air conditioning maker and engineering services provider Voltas Ltd has reported a consolidated net profit of Rs 130.76 crore for the third quarter ended December 2024. It had posted a consolidated net loss of Rs 27.60 crore in the October-December period a year ago, according to a regulatory filing from the company. Voltas' revenue rose 17.9 per cent to Rs 3,164.16 crore in the December quarter. It was Rs 2,683.61 crore in the year-ago period. Its total expenses increased 12 per cent to Rs 2,941.11 crore in the quarter. The company also announced top-level management changes as its Managing Director and CEO Pradeep Bakshi will step down in the second half of 2025. He has expressed his desire not to seek reappointment upon completion of his current term on August 31, 2025. Respecting his decision, the Board has accepted his request, it added. The Board, based on the recommendation of the Nomination and Remuneration Committee, unanimously approved the appointment of Mukundan C P M

This Tata group stock slipped 12% in trade today after posting Q3 results

The revenue of Voltas rose 18.3 per cent to Rs 3,105.11 crore for the third quarter compared to Rs 2625.72 crore in the year-ago period.

Voltas, Lumax among 18 firms selected under PLI scheme for whitegoods

As many as 18 companies, including Voltas, MIRC Electronics, Lumax and UNO Minda, with a committed investment of Rs 2,299 crore, have been selected to avail benefits under the production-linked incentive (PLI) scheme for white goods sector, an official said on Monday. In October last year, 38 companies had filed applications with proposed investments of Rs 4,121 crore under the scheme in the third round. "In the third round of the online application window of the PLI scheme , a total of 38 applications were received. After reviewing these applications, the government has provisionally selected 18 new companies. These companies include 10 manufacturers of components of Air Conditioners and 8 manufacturers of LED Lights, with committed investment of Rs 2,299 crore," the commerce and industry ministry said. In addition, it said, six existing PLI beneficiaries have been provisionally selected to upgrade to higher investment categories, committing an additional investment of Rs 1,217 ...

Delhi consumer commission fines Voltas Rs 10,000 for service deficiency

The Delhi State Consumer Disputes Redressal Commission has directed Voltas Ltd to pay Rs 10,000 to a consumer for failing to repair an air conditioner (AC) unit, observing that it caused him mental agony and physical distress during the summer months. The Commission was hearing the appeal of the consumer seeking enhancement of the Rs 2,000 compensation awarded by a district forum for failing to repair or service a defective AC unit. The Commission comprising its president Justice Sangita Dhingra Sehgal and member Pinki noted the evidence before it and said, "We have no hesitation in observing that the deficiency in service from the respondent (Voltas) is limited to the failure of servicing and repairing the AC during the extended warranty period." The order passed on November 6 said expenses for the repairs cannot be paid by the consumer. "We modify the judgment dated January 9, 2020, (of the district forum) to the extent that the respondent is hereby directed to pay compensation o

MSCI rejig: Time to buy Alkem, BSE, Voltas now or wait? Key levels here

Technical charts indicate that the 5 newly added stocks to the MSCI index are favourably placed and could soar up to 19% in forthcoming trading sessions.

MSCI adds 5 Indian stocks to key index; Nuvama sees $2.5 billion inflows

MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index

Voltas share price tanks 7% amid profit booking after healthy Q2 results

The fall in the share price came on the back of profit booking after the company posted stellar September quarter of financial year 2025 (Q2FY25) results on Tuesday, October 29, 2024

Voltas Q2 results: Net profit increases over two-fold to Rs 133 crore

Air-conditioning maker and engineering services provider Voltas Ltd on Tuesday reported more than two-fold jump in consolidated net profit to Rs 132.83 crore for the September quarter. The increase was led by a 56 per cent volume growth from its room AC business. It had posted a consolidated net profit of Rs 35.65 crore in the July-September period a year ago, the company said in a regulatory filing. Voltas' revenue from operations was up 14.23 per cent to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas increased 10.74 per cent to Rs 2,486.89 crore in the September quarter. Voltas' total income, which includes other income, was up 16.53 per cent in the September quarter to Rs 2,754.58 crore. Shares of Voltas Ltd on Tuesday settled at Rs 1,770.50 on the BSE, up 0.47 per cent from the previous close.

Voltas among 38 applicants in PLI scheme's 3rd round for white goods

As many as 38 companies, including Daikin, Voltas and Blue Star have filed applications with proposed investments of Rs 4,121 crore to avail benefits under the production-linked incentive scheme for white goods in the third round, an official said on Monday. The government in July reopened the application window for its Rs 6,238-crore production-linked incentive (PLI) scheme for air-conditioners (ACs) and LED lights to accommodate more players as several firms expressed interest in the initiative. Among the applicants, 20 are for AC components (Rs 3,679 crore) and 18 for LED Lights (Rs 442 crore). Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the scheme is benefitting the sector as the value addition has increased from 25 per cent to about 50 per cent. According to the industry, the value addition would increase to about 80 per cent in the coming years. He said that over the next three years (till 2028-29), 38 companies are

F&O stocks in focus: Long buildup seen in Naukri, Voltas, Laurus Labs

Stocks with long buildup in August series: Key levels to track on Voltas, Naukri and Laurus Labs as these stocks could potentially gain up to 9 per cent from present levels.

Red-hot growth projections point to cooler outlook for Voltas stock

Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss

Voltas Q1 results: Profit up two-fold to Rs 335 cr on back of high sales

Air conditioning maker and engineering services provider Voltas Ltd on Monday reported an over two-fold jump in consolidated net profit at Rs 335 crore for the first quarter ended June 30, 2024, led by a "significant volume growth" from its room AC business. Besides, the Tata Group firm also achieved the "milestone" of one million units of AC sales in Q1 FY25" and its total income crossed Rs 5,000-crore mark in the June quarter. It had posted a consolidated net profit of Rs 129.42 crore in the April-June period a year ago, The company said in a regulatory filing. Voltas' revenue from operations was up 46.46 per cent in the June quarter. It was at Rs 3,359.86 crore in the corresponding quarter a year ago. Total expenses of Voltas increased 41.44 per cent to Rs 4,520.40 crore in the June quarter of FY25. Voltas' total income in the June quarter was up 45.81 per cent to Rs 5,001.27 crore. In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for

Voltas rallies 9%, hits record high on strong Q1 results, heavy volumes

Voltas share price record high: The unitary cooling products business, which accounts for 76 per cent of total income, continued to outperform the market

Rising demand for room air-conditioners pushes up Voltas's stock

Distribution expansion, launches may perk up firm's showing

India's air-conditioner market likely to reach Rs 50,000 cr by FY29: Voltas

The India room air-conditioners (RAC) market is likely to grow at a healthy CAGR of 12 per cent to reach Rs 50,000 crore by FY 2028-29, Tata group firm Voltas said in its latest annual report. The competition in the Indian RAC market has "intensified" with the presence of homegrown and leading foreign players, said Voltas, a market leader in the segment. Moreover, the competitive "intensity is going to increase" further in the near future, the company said while discussing challenges and opportunities. Factors like increasingly hot summers, rising disposable incomes, and the quest for a better lifestyle with easy access to consumer finance are likely to drive growth for this room air-conditioner segment. "The Indian RAC market is expected to grow at a healthy CAGR of 12 per cent to reach a figure of Rs 50,000 crores by 2028-29," said Voltas. Voltas sold over 2 million AC units in 2023-24, which, according to the company, was the highest number of ACs ever sold by any brand in a si

AC sales may touch new record of 14 mn units by end of 2024: CEAMA

The blistering heatwave this year has skyrocketed the demand for room air-conditioners across the country, expecting a record annual sale of around 14 million units, according to the Consumer Electronics and Appliances Manufacturers Association. The industry had "record-breaking figures" for sales of air-conditioners in May and expects a surge of 30 to 40 per cent in volume growth in summers alone, Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Sunil Vachani told PTI. Soaring temperatures and heat waves have now made AC a "quintessential requirement" for households across urban areas, he said. The Indian AC market is also evolving helped by energy-efficient models that are suitable across income brackets and by investment by the companies in indigenous manufacturing units of components. "As the market evolves, we expect annual sales volumes to be around 14 million units, highlighting the sector's robust expansion," Vachani said. The Indian resident