Voltas Q2 profit rises 7.2% at Rs 72.11 cr

Voltas Q2 profit rises 7.2% at Rs 72.11 cr

17/11/2016 12:07

India’s largest air conditioning company Voltas Ltd has reported a growth of 7.2 per cent in its consolidated net profit after taxes (PAT) at Rs 72.11 crore for the second quarter ended September 30, 2016.

The consolidated net profit of the company stood at Rs 67.26 crore during the same period a year ago, Voltas Ltd said in a filing to the Bombay Stock Exchange.

Its consolidated total income, however, fell by 4.3 per cent at Rs 1,047.3 crore during Q2 2016-17, as compared to Rs 1,094.43 crore during the same period previous fiscal.

Its consolidated total expenses fell by 7.02 per cent to Rs 919.11 crore, during the quarter under review, from Rs 988.57 crore in the corresponding quarter of the preceding financial year.

On standalone basis, it has posted a net profit of Rs 1,25.91 crore for the quarter ended September 30, 2016 as compared to Rs 113.55 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 1,047.69 crore for the quarter ended September 30, 2015 to Rs 968.40 crore for the quarter ended September 30, 2016.

Meanwhile, shares of the company were trading at Rs 304.90 apiece, down 7.11 per cent, from previous close on BSE at 12:11 hours.

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