The consolidated total income of Voltas for the six months period ended 30 September 2020 was at Rs 3015 crores as compared to Rs 4192 crores in the corresponding period last year
Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, has announced the consolidated financial results (including
the Consolidated Segment Report) for the quarter and six months ended 30 September, 2020. The results take into account the effect of merger of a 100% subsidiary-Universal Comfort Products limited with effect from First April 2019.
The consolidated total income of Voltas for the six months period ended 30 September 2020 was at Rs 3015 crores as compared to Rs 4192 crores in the corresponding period last year. Company’s profit before tax was at Rs 223 crores as compared to Rs 408 crores last year. It’s profit after tax was Rs 161 crores
as against Rs 274 crores in the corresponding period last year.
Q3 2020
Voltas’ consolidated total income for the quarter ended 30 September 2020 was higher by 10 per cent, at Rs 1651 crores as compared to Rs 1495 crores in the corresponding quarter last year. It’s profit before tax was at Rs 115 crores and profit after tax was Rs 80 crores as compared to Rs 150 crores and Rs 107 crores, respectively, in the corresponding quarter last year.
“The Business acted smartly and swiftly and took advantage of the opportunities arising from easing of lockdown and achieved overall volume growth of 14 per cent contributed by growth of 11 per cent in Room Air conditioners, 20 per cent in Commercial Refrigeration Products and 28 per cent in Air Coolers,” read Voltas’ official statement.
It continued, “Voltas continues to be the market leader and has sustained its Number one position in Room Air conditioner business and further improved its market share to 26.8 per cent in August 2020. Segment Revenue increased by nine per cent and was Rs 572 crores as compared to Rs 526 crores in the corresponding quarter last year. Segment Result was higher by 37 per cent at Rs 63 crores as compared to Rs 46 crores in the corresponding quarter last year.”
