Page 9 - Voltas

Voltas declines 8% post Q4 results

The stock declined 8% to Rs 539 on the BSE in early morning trade after the company reported 3% decline in its consolidated net profit at Rs 1.94 billion in March quarter.

Voltas' growth prospects remain cool as ever

Voltas' revenues for the quarter ending June 2017 (Q1) was broadly in line with street's expectation despite goods and services tax (GST)-led reduction in inventory by trade partners. Nonetheless, the company's profitability came better than expectations, surprising investors. Given the return to normalcy in air-conditioning segment, improvement in orders in projects business and expansion in margins, analysts believe the company will deliver good set of performance going ahead leading to higher stock price.Unitary cooling products, which is primarily the air-conditioner (A/C) segment and contributing two-third to the company's revenue, grew by a little over a per cent on year-on-year basis despite GST-led destocking of inventory. The company also highlighted that Q1 growth was restricted owing to unseasonal rains in Southern India apart from the uncertainties surrounding GST. What's more, Voltas has further strengthened its market leadership in room air-conditioner market (at ...

Voltas: Investors should tone down expectations in FY18

Impact of GST may last for 1-2 quarters; profitability may also see pressure due to competition

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%