Columns

Voltas Q1 revenue up over two-fold to Rs 335 cr markets 1 mn hvac devices in June qtr, ET Retail

.New Delhi: Central air conditioning maker as well as design specialists Voltas Ltd on Monday reported an over two-fold jump in consolidated internet earnings at Rs 335 crore for the first fourth finished June 30, 2024, led by a "significant amount growth" from its own space hvac company. Besides, the Tata Group firm additionally accomplished the "landmark" of one million units of air conditioner purchases in Q1 FY25" as well as its overall income crossed Rs 5,000-crore symbol in the June quarter. It had posted a combined web income of Rs 129.42 crore in the April-June period a year earlier, The company said in a regulatory filing. Voltas' income from operations was actually up 46.46 per cent in the June one-fourth. It was at Rs 3,359.86 crore in the matching quarter a year earlier. Total expenses of Voltas boosted 41.44 per-cent to Rs 4,520.40 crore in the June one-fourth of FY25. Voltas' overall earnings in the June quarter was actually up 45.81 per-cent to Rs 5,001.27 crore. In the 1st one-fourth of this particular financial year, Voltas' profits coming from "unitary cooling items for comfort as well as commercial use", which possesses space AC company, was actually up 51.24 per-cent to Rs 3,802.17 crore. It was at Rs 2,513.97 crore in the equivalent duration last fiscal. Its own general amount expanded through 67 per cent in the air conditioning portion in the April-June time period. "The Unitary Cooling Products business remained to exceed the market place as well as maintained its own growth drive," it stated, incorporating "Voltas remains to be actually a market forerunner both in Split and Window Air-conditioners with an Exit Market Portion of 21.2 per cent as on June 2024." Income from "electro-mechanical projects and also solutions", which makes up domestic as well as worldwide projects organizations, increased 39.77 percent in the June one-fourth to Rs 949.13 crore. "The Domestic Projects service along with a visibility in MEP (Technical, Power and also Plumbing), Water, Electric &amp Solar has actually expanded as a result of a healthy carry forward purchase publication. Prompt implementation, focus on finalization accreditation and various other relevant task management initiatives have actually resulted in a strong necessary growth," it pointed out. For International Projects Service, ventures in UAE and Saudi remain to supply really good functionality and also drive income growth for the business. "Solid project completion, timely analysis of expense and profits have guaranteed a far better fundamental functionality after facing difficulties for the last handful of one-fourths," it claimed. Similarly, its "design products and services" revenue was actually thirteen per cent higher at Rs 160.78 crore in the June quarter. Reveals of Voltas Ltd on Monday morning were actually trading at Rs 1,549.30 on BSE, up 8.32 percent from the previous close.
Posted On Aug 13, 2024 at 08:01 AM IST.




Join the community of 2M+ field professionals.Register for our newsletter to get most current understandings &amp evaluation.


Download And Install ETRetail App.Get Realtime updates.Spare your favorite short articles.


Check to install App.