Voltas Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017
May 23, 2017 at 10:36 am EDT
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Voltas Limited reported unaudited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2017. For the quarter, on consolidated basis, the company reported total income of INR 20,968.6 million against INR 19,026.2 million a year ago. Profit from operations before share of profit of joint ventures and associates, exceptional items and tax was INR 2,491.3 million against INR 2,071.5 million a year ago. Profit before tax was INR 2,500.3 million against INR 2,312.9 million a year ago. Profit for the period attributable to owners of the company was INR 1,990.7 million against INR 1,594.8 million a year ago. Basic and diluted earnings per share (not annualized) were INR 6.02 against INR 4.82 a year ago. Revenue from operations was INR 20,582.6 million against INR 18,633.6 million a year ago.
For the year, on consolidated basis, the company reported total income of INR 62,948.4 million against INR 58,833.7 million a year ago. Profit from operations before share of profit of joint ventures and associates, exceptional items and tax was INR 7,384.2 million against INR 5,275.2 million a year ago. Profit before tax was INR 7,202.7 million against INR 5,626.8 million a year ago. Profit for the period attributable to owners of the company was INR 5,089.9 million against INR 3,870.9 million a year ago. Basic and diluted earnings per share were INR 15.38 against INR 11.70 a year ago. Revenue from operations was INR 60,950.2 million against INR 57,198.2 million a year ago.
For the quarter, on standalone basis, the company reported total income of INR 19,733.0 million against INR 16,261.0 million a year ago. Profit from operations before exceptional items and tax was INR 1,914.3 million against INR 1,677.7 million a year ago. Profit before tax was INR 1,844.8 million against INR 1,866.1 million a year ago. Profit for the period was INR 1,519.1 million against INR 1,275.9 million a year ago. Basic and diluted earnings per share (not annualized) were INR 4.59 against INR 3.86 a year ago. Revenue from operations was INR 19,302.1 million against INR 15,859.6 million a year ago.
For the year, on standalone basis, the company reported total income of INR 57,274.1 million against INR 53,649.5 million a year ago. Profit from operations before exceptional items and tax was INR 6,570.3 million against INR 4,669.2 million a year ago. Profit before tax was INR 6,510.2 million against INR 4,879.4 million a year ago. Profit for the period was INR 4,861.9 million against INR 3,493.5 million a year ago. Basic and diluted earnings per share were INR 14.69 against INR 10.56 a year ago. Revenue from operations was INR 54,725.8 million against INR 51,756.2 million 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.