Voltas Ltd

Voltas has appointed K. V. Sridhar as the Chief Financial Officer of the Company with effect from 1 April 2025, to take over from Jitender Pal Verma consequent to his superannuation.Powered by Capital Market - Live

Whirlpool of India Ltd, Brigade Enterprises Ltd, Archean Chemical Industries Ltd, SRF Ltd are among the other stocks to see a surge in volumes on BSE today, 30 January 2025.Voltas Ltd recorded volume of 1.81 lakh shares by 10:47 IST on BSE, a 5.99 times surge over two-week average daily volume of 30198 shares. The stock lost 10.93% to Rs.1,315.00. Volumes stood at 21424 shares in the last session.Whirlpool of India Ltd witnessed volume of 12761 shares by 10:47 IST on BSE, a 5.11 times surge over two-week average daily volume of 2499 shares. The stock dropped 20.00% to Rs.1,262.15. Volumes stood at 888 shares in the last session.Brigade Enterprises Ltd witnessed volume of 34172 shares by 10:47 IST on BSE, a 5.1 times surge over two-week average daily volume of 6698 shares. The stock increased 3.03% to Rs.1,125.50. Volumes stood at 17673 shares in the last session.Archean Chemical Industries Ltd clocked volume of 97948 shares by 10:47 IST on BSE, a 3.95 times surge over two-week average daily volume of 24777 shares. The stock gained 16.29% to Rs.637.25. Volumes stood at 11194 shares in the last session.SRF Ltd registered volume of 26499 shares by 10:47 IST on BSE, a 3.53 fold spurt over two-week average daily volume of 7502 shares. The stock slipped 0.35% to Rs.2,657.25. Volumes stood at 20495 shares in the last session.Powered by Capital Market - Live

Total income rose by 18% YoY to Rs 3,164 crore during the quarter. In the quarter ending December 2024, the revenue of the Unitary Cooling Products segment grew by 20%, totaling Rs 1,771 crore, compared to Rs. 1,476 crores in the same quarter last year. The business continued to maintain its growth momentum. Overall volume growth for 9M FY25 was recorded at 42%. Voltas remains the market leader in both Split and Window Air-conditioners, recording an exit market share of 20.5% as of December 2024. The company's Electro-Mechanical Projects and Services segment encompasses both domestic and international projects businesses. The domestic projects business, which includes MEP, water, electrical, and solar sectors, experienced a growth of approximately 17% during the quarter ended December 2024. The focus on completion certification and various project management initiatives has resulted in robust bottom-line growth. The domestic projects continue to expand their order book and maintain a positive outlook. In the international projects business, projects in the UAE and Saudi Arabia continue to perform well, contributing positively to both revenue and results. For the quarter, segment revenue was Rs 1,190 crore, compared to Rs 982 crore in the same quarter last year. The Engineering Products and Services segment faced certain headwinds in its performance. For the quarter, segment revenue was Rs. 130 crore, compared to Rs 155 crore in the same quarter last year. Profit before tax in Q3 FY25 stood at Rs 191 crore, which is significantly higher as compared with the pre-tax profit of Rs 24 crore posted in Q3 FY24. Voltas is a premier air conditioning and engineering solutions provider and a projects specialist. The company is part of the Tata Group. In addition to room air conditioners, it also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio. The scrip slumped 11.01% to currently trade at Rs 1313.70 on the BSE. Powered by Capital Market - Live

Net profit of Voltas reported to Rs 132.13 crore in the quarter ended December 2024 as against net loss of Rs 30.41 crore during the previous quarter ended December 2023. Sales rose 18.19% to Rs 3087.36 crore in the quarter ended December 2024 as against Rs 2612.29 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3087.362612.29 18 OPM %5.34-0.29 - PBDT208.5036.69 468 PBT190.6323.85 699 NP132.13-30.41 LP Powered by Capital Market - Live

Voltas will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

On year on year basis, the net profit zoomed 265.29% and revenue from operations rose 14.23% in September 2024 quarter. Profit before tax (PBT) in second quarter of FY25 stood at Rs 205.43 crore, down 54.5% QoQ while up 141.8% YoY. On half yearly basis, the company surged 182.11% to Rs 468.22 crore on 33.39% rise in revenue from operations to Rs 7,540.13 crore in H1 FY25 over H1 FY24. The unitary cooling products business continued to outperform the market and maintained its growth momentum. Overall volume grew by 56%. Voltas continued to be a market leader both in split and window air-conditioners with an exit market share of 21% as at September 2024. The overall segment revenue grew by 31% to Rs 1,582 crore as compared to Rs 1,209 crore in the corresponding period last year. Segment result saw an increase of 25% to Rs 116 crore as compared to Rs 93 crore in the corresponding quarter last year. The Electro-Mechanical Projects and Services segment comprises both Domestic and International Projects businesses. The Domestic Projects business, which spans MEP, Water, Electrical and Solar sectors, experienced a growth of around 6% during the period, despite incessant rains affecting all its sub-verticals. The engineering products and services segment revenue rose 9% to Rs 147 crore in the quarter ended 30 September 2024. Voltas is a premier air conditioning and engineering solutions provider and a projects specialist. The company is part of the Tata Group. In addition to room air conditioners, it also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio. Powered by Capital Market - Live

Voltas Ltd lost 6.17% today to trade at Rs 1661.2. The BSE Consumer Durables index is down 1.23% to quote at 61212.07. The index is down 9.53 % over last one month. Among the other constituents of the index, Amber Enterprises India Ltd decreased 1.22% and Titan Company Ltd lost 1.2% on the day. The BSE Consumer Durables index went up 38.15 % over last one year compared to the 25.35% surge in benchmark SENSEX. Voltas Ltd has lost 10% over last one month compared to 9.53% fall in BSE Consumer Durables index and 5.02% drop in the SENSEX. On the BSE, 12132 shares were traded in the counter so far compared with average daily volumes of 35549 shares in the past one month. The stock hit a record high of Rs 1946.2 on 20 Sep 2024. The stock hit a 52-week low of Rs 811.5 on 30 Nov 2023.Powered by Capital Market - Live

Net profit of Voltas rose 265.29% to Rs 133.99 crore in the quarter ended September 2024 as against Rs 36.68 crore during the previous quarter ended September 2023. Sales rose 14.72% to Rs 2601.15 crore in the quarter ended September 2024 as against Rs 2267.43 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2601.152267.43 15 OPM %5.001.64 - PBDT221.8696.64 130 PBT205.4384.96 142 NP133.9936.68 265 Powered by Capital Market - Live

Voltas will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

The company's shares soared 11.92% in six straight trading sessions from its recent closing low of Rs 1,534.10 on 16 August 2024. The stock hit an all-time high of Rs 1,721.60 today. The counter has soared 113.35% from its 52-week low of Rs 806.90 hit on 23 October 2023. On the BSE, 16,712 shares were traded in the counter so far compared with average daily volumes of 2.07 lakh shares in the past two weeks. The stock has outperformed the market over the past one month, rising 14.15% as compared with 0.82% rise in the Sensex. The scrip has outperformed the market in past one quarter, jumping 25.44% as against Sensex's 7.52% rise. The scrip has also outperformed the market in past one year, zooming 101.94% as against Sensex's 23.92% jump. On the technical front, the stock's daily RSI (relative strength index) stood at 72.919. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 1,654.73, 1,585.61 and 1,541.23, respectively. These levels will act as crucial support zones in near term. Voltas is a premier air conditioning and engineering solutions provider and a projects specialist. The company is part of the Tata Group. In addition to room air conditioners, it also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio. The company reported consolidated net profit of Rs 334.23 crore in Q1 FY25, significantly higher from Rs 129.29 crore in Q1 FY24. Total income for the quarter ended 30 June 2024 increased 45.82% year on year (YoY) to Rs 5,001.27 crore. Powered by Capital Market - Live