Voltas Limited Announces Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018
August 10, 2018 at 08:30 am EDT
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Voltas Limited announced consolidated and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported that the turnover is higher than 9% over last year mainly due to improvement in the performance of project business. Revenue from operations was INR 21,480.9 million compared to INR 19,681.1 million a year ago. Total income was INR 21,763.0 million compared to INR 20,270.6 million a year ago. Profit before tax was INR 2,632.3 million compared to INR 2,605.7 million a year ago. Net profit for the period was INR 1,870.6 million compared to INR 1,879.1 million a year ago. Basic and diluted earnings per share was INR 5.56 compared to INR 5.61 a year ago.
For the quarter, on standalone basis, the company reported revenue from operations was INR 19,862.5 million compared to INR 18,404.3 million a year ago. Total income was INR 20,153.7 million compared to INR 19,039.2 million a year ago. Profit before tax was INR 1,912.2 million compared to INR 2,142.3 million a year ago. Net profit for the period was INR 1,281.2 million compared to INR 1,578.2 million a year ago. Basic and diluted earnings per share was INR 3.87 compared to INR 4.77 a year ago.
Voltas Limited is an India-based air conditioning and engineering solutions provider and a projects specialist. The Company's segments include Unitary Cooling Products, Electro - Mechanical Projects and Services, and Engineering Products and Services. Unitary Cooling Products segment includes manufacturing, selling and after sales services of cooling appliances and cold storage products, and facilities maintenance and hard services, such as operations and maintenance contracts in various sectors, retrofits and energy management, among others. Electro - Mechanical Projects and Services segment includes electro-mechanical projects, such as electricals, heating, ventilation and air conditioning, plumbing, extra low voltage and specialized services, and water solutions, such as comprises water treatment solutions for industrial, oil and gas and domestic sewage segments, among others. Engineering Products and Services segment includes textile machinery and mining and construction equipment.