Voltas Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 06, 2020 at 02:56 am EST
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Voltas Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 16,508 million compared to INR 14,945.6 million a year ago. Net income was INR 783.5 million compared to INR 1,064.3 million a year ago. Basic earnings per share from continuing operations was INR 2.37 compared to INR 3.22 a year ago. For the half year, total revenue was INR 30,151.4 million compared to INR 41,918.3 million a year ago. Net income was INR 1,595 million compared to INR 2,716.1 million a year ago. Basic earnings per share from continuing operations was INR 4.82 compared to INR 8.21 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.
VOLTAS LIMITED 
