Voltas Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 01:53 am EST
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Voltas Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 20,462.6 million compared to INR 15,467.6 million a year ago. Net income was INR 1,279.1 million compared to INR 869.1 million a year ago. Basic earnings per share from continuing operations was INR 3.87 compared to INR 2.63 a year ago. For the nine months, total revenue was INR 50,614 million compared to INR 57,385.9 million a year ago. Net income was INR 2,874.1 million compared to INR 3,585.2 million a year ago. Basic earnings per share from continuing operations was INR 8.69 compared to INR 10.84 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 
