Page 9 - Voltas

Street happy with Voltas' move into white goods

Voltas gave investors more than a reason to cheer. Not only did the company post stellar results for the March 2017 quarter (Q4) on Tuesday evening, but it also announced the formation of a joint venture (JV) with Turkey-based company Ardutch to launch a host of consumer durables products such refrigerators, washing machines, microwaves, other white goods and domestic appliances in India. While Voltas has maintained its lead in the domestic air-conditioners market despite stiff competition, investors have always felt that the company needs to diversify into other products. The JV is a step in that direction and channels the company's cash kitty in productive avenues, believe analysts, who also say that the expansion into other white goods segments opens up new growth opportunities. Credit Suisse also upgraded the stock to outperform post its results citing stronger sales and margins. All this pushed up the stock to a new 52-week high of Rs 451.25 in Wednesday's trade.However, there ...

Voltas surges 10% to hit record high post Q4 results

The stock surged 10% to Rs 451, also its record high on BSE on back of heavy volumes

Voltas Q4 net profit up 22% at Rs 200 cr

Company posted a net profit of Rs 164.23 crore in Jan-Mar quarter a year ago

Voltas dips post Q2 earnings

The stock dipped 9% to Rs 298 on BSE in intra-day trade on the back of heavy volumes

Retail demand largely drives Voltas growth

Profit beats estimate, but stock falls on profit-booking after announcement of results

Voltas Q1 net profit jumps 53.7% to Rs 157.62 crore

However, shares of the company were trading 2.47% down at Rs 361.55 on BSE

Voltas: Projects business back on track

Overall revenues up 26% in quarter, electro-mechanical projects revenue rises 36%