Voltas Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended of June 30, 2016
August 02, 2016 at 03:57 am EDT
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Voltas Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended of June 30, 2016. For the quarter, on a consolidated basis, the company reported sales/income from operations (gross of excise duty) of INR 18,448.1 million compared to INR 15,611.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,929.9 million compared to INR 1,254.0 million a year ago. Profit from ordinary activities before tax was INR 2,248.1 million compared to INR 1,468.4 million a year ago. Net profit from ordinary activities after tax was INR 1,597.6 million compared to INR 1,016.7 million a year ago. Basic and diluted earnings per share were INR 4.76 compared to INR 3.10 a year ago.
For the quarter, on a standalone basis, the company reported sales/income from operations (gross of excise duty) of INR 16,451.9 million compared to INR 15,389.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,114.9 million compared to INR 857.1 million a year ago. Profit from ordinary activities before tax was INR 1,457.7 million compared to INR 1,089.6 million a year ago. Net profit from ordinary activities after tax was INR 1,049.6 million compared to INR 774.2 million a year ago. Basic and diluted earnings per share were INR 3.17 compared to INR 2.34 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.