Voltas Limited : Voltas’ Q3 Consolidated Financial Results for 2012-13

VOLTIS LIMITED

For immediate use

Volt-.is' Q3 Consolidated Financial Results
February 11, 2013 Mumbai: The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today ano.ounced the Unaudited Consolidated Financial Results (including the Consolidated Segment Report) for the quarter/nine months period ended 31" December, 2012.
Consolidatcd Results:
The Consolidated Sales/lncome from Operations for the quaner ended 31" December, 2012 was at 1150 crores as compared to 1154 crores in the corresponding quarter last year. The Operating Profit (Profìt befìne Exceptional ltems & Tax) was at 34 crores as compared to

89 crores in the corresponding quarter last year. Profit before tax was at 94 crores as compared to loss of l70 crores last year and Nct Profit after tax and Minority Interest was at

77 crores as compared to loss of 115 c:rores in thc corresponding quarter last year. Earnings per Share (not annualized) was at .32 as compared to (3.49) in the corresponding quartcr last year (Face Value per share of l). The profits of last year were ad'ersely impacted due to cost overruns accounted for in a complcx project under execution
in Qatar.

Consolidated Segments:

Electro-Mccbanical Projects and Serviccs: Segment Revenue was at 797 crores as compared to 824 crores in the corresponcting quarter last year. Segment Result was at

6 crores as compared to 60 crores in the correspouding quarter last year.
Engineering Produ.cts and Services: Segment Revenue and Result werc at l07 crores and
6 crores respectively, as comparcd to &8 cr01·es and 17 crores respcctively, in the
corresponding quarter last year.
Unitary Cooling Products for Comfort and Commerciai use: Segment Revenue was higher at 39 crores as compared to 234 crorcs in the corresponding quarter last year. Segment Result was also higber at 15 crores as compared to 14 crores in the corresponding quarter last year.

Corporate Ccmmunications

Voltas House A 4th Floor Or Babasaheb Ambedkar Road Chinchpokli Mumbai400 033

Tel [phone] 66656281 Fax [phone] website www . voltas . c om

A TATA Enterprise

VOLTIS LIMITED Ninc Months ended 31., December, 2012:

The Consolidated Sales/lncome from Operations for the nine months period ended

31" December, 2012 was higher by 9% at 3922 crores as compared to 3602 crores, in the corresponding period 1ast year. Operating PJ'Qfit was however lowcr by 18% at 190 crores as compared to 231 crores in the corresponding period last year. The Company had 1ast

year accounted for cost overruns of 277 crores on a onerous contraci in Qatar. Due lO this, the Profit before Tax and Net Protìt after tax and Minorily Interest were at ng crores and

58 crores respective1y 1ast year, as compared lo 265 crores and 199 crores respectively in the cunent nine rnonths period. The EPS (not annualized) stood at 6.01 as at 31st December, 2012 as compared to 1.76 as at 31" December, 2011. (Face Value per share of l). The Company continues to retain its market leadership inroom airconditioners.

lssued by:

B.N.Garudachar

Generai Manager

Corporate Conununications & IR Mumbai

Te1:66656280/1

Rediffusion/ Edehnan

Prasanna Kotian (Mumbai) - 9833259603

Neha Khatter (Delhi)- 08826416555

Corporate Communìcations Departrnent

Voltas House A 4th F!oor Dr 8abasaheb Ambedkar Road Chinchpokti •Aumbai 400 033

Tel[phone] 66656281 Fax [phone] webs ite www . vo lt as.co m

A TATA Enterprise