Voltas Shares Rise Nearly 4% As Q4 Profit Doubles
Voltas' consolidated net profit surged 107% to Rs 241 crore in Q4 FY25.
Shares of Voltas Ltd. rose nearly 4% on Thursday after it's fourth quarter profit doubled.
The Tata Group company's consolidated net profit surged 107% to Rs 241 crore from Rs 116 crore in the year-ago period, according to a stock exchange filing on Wednesday. The significant jump fell short of the projected Rs 264.1 crore as per analysts' consensus estimates compiled by Bloomberg. For the whole year, the bottom line more than tripled to Rs 841 crore.
Revenue for the fourth quarter was up 13% to Rs 4,767 crore, in comparison to Rs 4,203 crore reported in the same quarter last year. Earnings before interest, taxes, depreciation, and amortisation was up 75% to Rs 333 crore and the margin stood at 7%.
Voltas' revenue from the unitary cooling products segment rose 17% in the fourth quarter to Rs 2,956 crore.
Revenue from electro-mechanical projects and services, which encompass both domestic and international projects' businesses, rose 3.6% to Rs 1,137.6 crore.
The Voltas board recommended a dividend of Rs 7 per share for FY25, which shall be paid on or after the fifth day from the conclusion of the upcoming annual general meeting, subject to the approval of shareholders.
The dividend aggregates Rs 231.5 crore for over 2.8 lakh shareholders.
Voltas Share Price Rises
Shares of Voltas rose as much as 3.54% to Rs 1,288 apiece. They pared gains to trade 0.28% higher at Rs 1,247.50 apiece, as of 10:13 a.m. This compares to a 0.09% decline in the NSE Nifty 50.
The stock has fallen 5.41% in the last 12 months and 30.31% year-to-date. Total traded volume so far in the day stood at 2.49 times its 30-day average. Relative strength index was at 43.43.
