Voltas Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 07, 2018 at 03:20 am EST
Share
Voltas Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on a consolidated basis, the company reported gross sales/income from operations of INR 13,649.5 million compared to INR 11,941.7 million a year ago. Profit before share of profit of joint ventures and associates exceptional items and tax was INR 1,276.9 million compared to INR 1,404.9 million a year ago. Profit before tax was INR 1,305.6 million compared to INR 1,252.7 million a year ago. Net profit for the period was INR 1,004.4 million compared to INR 815.6 million a year ago. Basic and diluted earnings per share were INR 3.01 compared to INR 2.42 a year ago.
For the nine months, on a consolidated basis, the company reported gross sales/income from operations of INR 43,589.8 million compared to INR 40,112.7 million a year ago. Profit before share of profit of joint ventures and associates exceptional items and tax was INR 5,139.6 million compared to INR 4,892.9 million a year ago. Profit before tax was INR 5,207.5 million compared to INR 4,702.4 million a year ago. Net profit for the period was INR 3,837.1 million compared to INR 3,193.9 million a year ago. Basic and diluted earnings per share were INR 11.48 compared to INR 9.62 a year ago.
For the quarter, on a standalone basis, the company reported gross sales/income from operations of INR 12,171.7 million compared to INR 10,322.4 million a year ago. Profit before exceptional items and tax was INR 901.3 million compared to INR 1,458.9 million a year ago. Profit before tax was INR 900.2 million compared to INR 1,458.9 million a year ago. Net profit for the period was INR 700.9 million compared to INR 1,034.1 million a year ago. Basic and diluted earnings per share were INR 2.12 compared to INR 3.13 a year ago.
For the nine months, on a standalone basis, the company reported gross sales/income from operations of INR 39,515.6 million compared to INR 35,189.5 million a year ago. Profit before exceptional items and tax was INR 4,516.5 million compared to INR 4,656.0 million a year ago. Profit before tax was INR 4,378.7 million compared to INR 4,665.4 million a year ago. Net profit for the period was INR 3,240.2 million compared to INR 3,342.8 million a year ago. Basic and diluted earnings per share were INR 9.79 compared to INR 10.11 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 
