Voltas Q1 results: Profit up two-fold to Rs 335 cr on back of high sales
Air conditioning maker and engineering services provider Voltas Ltd on Monday reported an over two-fold jump in consolidated net profit at Rs 335 crore for the first quarter ended June 30, 2024, led by a "significant volume growth" from its room AC business.
Besides, the Tata Group firm also achieved the "milestone" of one million units of AC sales in Q1 FY25" and its total income crossed Rs 5,000-crore mark in the June quarter.
It had posted a consolidated net profit of Rs 129.42 crore in the April-June period a year ago, The company said in a regulatory filing.
Voltas' revenue from operations was up 46.46 per cent in the June quarter. It was at Rs 3,359.86 crore in the corresponding quarter a year ago.
Total expenses of Voltas increased 41.44 per cent to Rs 4,520.40 crore in the June quarter of FY25.
Voltas' total income in the June quarter was up 45.81 per cent to Rs 5,001.27 crore.
In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for
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