Voltas net profit rises more than two-fold to Rs 133 crore

The increase was led by a 56 % volume growth from its room AC business.
Voltas
Voltas
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NEW DELHI: Air-conditioning maker and engineering services provider Voltas Ltd on Tuesday reported more than two-fold jump in consolidated net profit to Rs 132.83 crore for the September quarter.

The increase was led by a 56 % volume growth from its room AC business. It had posted a consolidated net profit of Rs 35.65 crore in the period a year ago, the company said in a regulatory filing.

Revenue from operations was up 14.23% to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas rose 10.74% to Rs 2,486.89 crore in the September quarter. Total income, which includes other income, was up 16.53% in the September quarter to Rs 2,754.58 crore.

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