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Informist, Thursday, May 14, 2026

 

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--Voltas Jan-Mar consol net profit INR 1.16 bln 
--Analysts saw Voltas Jan-Mar consol net profit at INR 2.31 bln 
--Voltas Jan-Mar consol revenue INR 48.88 bln 
--Analysts saw Voltas Jan-Mar consol revenue at INR 49.98 bln 
--Voltas Jan-Mar consol net profit INR 1.16 bln vs INR 2.41 bln year ago 
--Voltas Jan-Mar consol revenue INR 48.88 bln vs INR 47.68 bln year ago 
--Voltas to pay INR 4 per share dividend 
--Voltas FY26 consol net profit INR 3.76 bln vs INR 8.41 bln year ago 
--Voltas FY26 consol revenue INR 142.45 bln vs INR 154.13 bln year ago 
--Voltas Q4 consol unitary cooling pdts sales INR 34.93 bln vs INR 34.58 bln 
--Voltas Q4 consol electro-mechanical ops sales INR 11.9 bln vs INR 11.4 bln 
--Voltas Q4 consol engg pdts, svcs revenue INR 1.68 bln vs INR 1.32 bln 

 

By Shakshi Jain

 

NEW DELHI – Consumer durables major Voltas Ltd. Thursday reported a lower-than-expected consolidated net profit for the March quarter as total expenses of the company rose faster than revenue. The bottom line more than halved year-on-year while the top line rose in low single digits.

 

Jan-Mar marked the fourth consecutive quarter of year-on-year decline in profit for the company even as revenue managed to enter the growth territory after three quarters of decline.

 

Voltas' consolidated net profit for the reporting quarter declined nearly 52% on year but rose almost 37% sequentially to INR 1.16 billion. Analysts had pegged the bottom line at INR 2.31 billion for the quarter. The company's share of net loss from joint ventures and associates stood at INR 360.1 million for the three months.

 

The Tata group company's consolidated revenue from operations, on the other hand, rose 2.5% on year and over 59% sequentially to INR 48.88 billion in Jan-Mar. It, however, failed to meet the Street's expectation of INR 49.98 billion.

 

"Voltas delivered a resilient performance despite global uncertainty, supply chain disruptions, and currency volatility and retained the number 1 position in the room air conditioner segment through refreshed product portfolio, structured channel expansion, and contemporary marketing campaign," the company said in a press release.  

 

The air conditioning and engineering solutions provider's total expenses for the reporting quarter rose 5.3% on year to INR 47.10 billion. Within this, the cost of materials consumed, which accounts for the largest share in the company's expenditure pie, rose almost 9% on year to INR 26.35 billion. Expenses tied to purchase of stock-in-trade rose over 12% on year to INR 11.58 billion in Jan-Mar.

 

Revenue from the unitary cooling products segment rose marginally year-on-year to INR 34.93 billion in the reporting quarter from INR 34.58 billion in the same period a year ago. The segment managed this growth despite volatility in availability of raw materials, logistics and energy costs, and in currency markets, the company said. "However, margins were impacted by commodity inflation and currency depreciation, partly offset by cost reduction and value engineering initiatives across sourcing and manufacturing," it added.

 

The company's joint venture, Voltbek Home Appliances Pvt. Ltd., remains focused on expanding its energy efficient and innovation-led product portfolio while steadily scaling its distribution network and strengthening its position as an integral part of Voltas' broader home solutions ecosystem, the press release said.

 

Contribution from the electro-mechanical projects and services segment grew 4.6% on year to INR 11.90 billion in Jan-Mar. The domestic projects business continued to secure strategic orders and focus on execution discipline, selective order booking, and working capital management, the company said.  

 

In the smaller engineering products and services category, sales rose over 27% on year to INR 1.68 billion in the quarter under review. As per the release, mining and construction equipment delivered steady revenue growth, while textile machinery operated in a challenging environment marked by geopolitical and supply-chain pressures. 

 

For the 12 months ended Mar. 31, the company reported a consolidated net profit of INR 3.76 billion, down over 55% on year. Revenue from operations declined at a slower pace of about 8% on year to INR 142.45 billion. "H1 (Apr-Sept) FY26 was characterised by volatile weather, including a subdued summer and an early monsoon, which adversely impacted the cooling segment, leading to short-term pressures on Voltas' top line and margin," Managing Director Mukundan C.P. Menon said, adding that the room air conditioner business, however, staged a smart recovery in the second half of the year.

 

The company's directors have recommended a dividend of INR 4 per share for FY26, which will be paid after the 72nd annual general meeting, subject to shareholders' approval.

 

Thursday, shares of the company ended at INR 1,293.50 on the National Stock exchange, up 2.8% from the previous close. Voltas disclosed its March quarter results post market hours.  End

 

Edited by Tanima Banerjee

 

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