Voltas Ltd Q2 net down 1.51 pc at Rs 42.28 cr

Tata Group firm Voltas Ltd today reported 1.51 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, 2013-14.

The company had net profit of Rs 42.93 crore in the July- September quarter of the previous fiscal, 2012-13.

Voltas' net sales in Q2, 2013-14 declined by 7.20 per cent to Rs 1,076.53 crore from Rs 1,160.1 crore for the same period of last fiscal, Voltas said in a filing to the BSE.

Overall expenses during the quarter stood at Rs 1,043.24 crore, down 7.5 per cent compared with Rs 1,128.1 crore in the year-ago period.

Voltas scrip was trading at Rs 92.70 per scrip on the BSE, down 0.59 per cent from its previous close.