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Dolat Capital Report
Voltas Ltd.'s Q3 results, ahead of estimates, saw a strong performance of room air conditioner continuing with 43% volume growth, double-digit Ebit margins and continuing leadership with market share at 26%.
Overall profit after tax could have been better but for the mix in projects business which also saw time-based provisions.
The board has approved a restructuring of its business into business-to-consumer and business-to-business.
We view this as a long term positive when it happens as it gets a sharper focus on the durables business.
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