Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Voltas Limited announces Q2, H1 FY19 results

Posted On: 2018-11-07 15:11:57

The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter and six months period ended 30th September, 2018.

Consolidated Results for the six months period ended September 30, 2018:

The Consolidated Gross Sales/Income from Operations for the six months period ended September 30, 2018 was higher by 190/o, at Rs. 3549 crores as compared to Rs. 2994 crores in the corresponding period last year. Profit before tax was higher by 3%, at Rs. 403 crores as compared to Rs. 390 crores last year. Profit after tax was higher by4%, at Rs. 294 crores as compared to Rs. 283 crores last year. Earnings per Share (Face Value per share of Re. 1) (not annualized) as at September 30, 2018 improved to Rs. 8.69 as compared to Rs. 8.47 last year. Total Comprehensive Income, including notional mark to market revaluation gains / losses on equity investments, foreign currency translations, etc. was Rs. 279 crores as compared to Rs. 374 crores in the corresponding period last year.

Consolidated Results for the quarter ended 30th September, 2018:

The Consolidated Gross Sales / Income from Operations for the quarter ended 30t hSeptember, 2018 was higher by 37%, at Rs. 1415 crores as compared to Rs. 1032 crores in the corresponding quarter last year. Profit before tax was higher by 8%, at Rs. 140 crores as compared to Rs. 130 crores last year. Profit after tax was higher by 12% at Rs. 107 crores as compared to Rs. 95 crores last year. Earnings per Share (Face Value per share of Re. 1) (not annualized) as at September 30, 2018 improved to Rs. 3.13 as compared to Rs. 2.86 last year. Total Comprehensive Income, including notional mark to market revaluation gains / losses on equity investments, foreign currency translations, etc. was Rs. 37 crores as compared to Rs. 140 crores in the corresponding quarter last year. The Group has aligned its policy of revenue recognition with Ind AS 115 "Revenue from Contracts with Customers" which is effective from 1st April, 2018. The application of Ind AS 115 did not have any significant impact on the financial results and EPS for the quarter ended 30th June, 2018 and 30th September, 2018, respectively and six months ended 30th September, 2018.

Consolidated Segment Results for the quarter ended 30th September, 2018:

Unitary Cooling Products for Comfort and Commercial use: Voltas continues to sustain its No. 1 position in the Room Air-Conditioner market and has further improved its market share to 25.6% in current quarter as compared to 23.2% in the corresponding quarter last year (in Multi-Brand outlets). The Company has ramped up its products, with right products in the energy efficiency Inverter segment which are well received in the market. Segment Revenue for the quarter was higher at Rs. 441 crores as compared to Rs. 408 crores last year. The increase in input costs along with depreciating currency led to a drop in segment results to Rs. 28 crores as compared to Rs. 51 crores in the corresponding quarter last year.

Electro-Mechanical Projects and Services: Segment Revenue for the quarter was higher at Rs. 901 crores as compared to Rs. 557 crores in the corresponding quarter last year. Segment Results was also higher at Rs. 76 crores as compared to Rs. 30 crores last year, reflecting better quality of orders, efficient execution both in domestic and international business with a positive impact of foreign exchange. Carry forward order book of the Segment stood at Rs. 4883 crores.

Engineering Products and Services: Segment Revenue and Results for the quarter were at Rs. 73 crores and Rs. 29 crores as compared to Rs. 67 crores and Rs. 28 crores, respectively in the corresponding quarter last year.

Shares of VOLTAS LTD. was last trading in BSE at Rs.524.05 as compared to the previous close of Rs. 540.3. The total number of shares traded during the day was 281611 in over 5757 trades.

The stock hit an intraday high of Rs. 549 and intraday low of 518.5. The net turnover during the day was Rs. 150001897.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Shriram City Union Finance Ltd announces Q4, FY19 results

Bharti Infratel Ltd Q4 consolidated PAT at Rs. 607.6 crores

Agro Tech Foods Ltd FY19 consolidated PAT up at Rs. 34.25 crores

Mahindra & Mahindra FInancial Services Ltd FY19 PAT jumps to Rs. 1867.28 crores

Benares Hotels Ltd announces net profit of Rs. 8.72 crore in FY 2018-19

Café Coffee Day welcomes summer with absolutely refreshing fruit-based beverages

Max Bupa's #ExYourExcuse campaign encourages people to put their health first

Indiabulls Housing Finance Ltd Board declares Interim Dividend of Rs. 10 for 2019-20

Satia Industries Ltd Board to consider Final Dividend & Sub-division of Equity Shares

PTC India Ltd Board to consider FY19 results & Final Dividend on May 14, 2019

HSIL Ltd board to consider dividend, Q4, FY19 results on May 3, 2019

Britannia Industries Ltd terminates job work contract of Shah Foods Ltd

Loyal Textile Mills Ltd board to consider Q4, FY19 results on May 30, 2019

Indiabulls Housing Finance Ltd Q4 consolidated PAT slips to Rs. 1001.37 crores

Infosys positioned as a Leader in Gartner's Magic Quadrant

USFDA completes audit of Jeevan Scientific Technology Ltd's clinical pharmacology centre

Wall Street Finance Ltd launches 'Mobile App' for the Agent Partners

Astron Paper & Board Mill Ltd announces shut down of Unit-2

Godawari Power and Ispat Ltd calls for board meeting on April 30, 2019

Great Eastern Shipping Company Ltd board to approve FY19 results, NCD issue, dividend on May 6, 2019

TATA Elxsi Ltd reports PAT of Rs. 71.29 crores in Q4 FY19

Hexaware Technologies Ltd Q1 net profit jumps to Rs. 138.47 crore

Muthoot Capital Services Ltd Q4 PAT slides to Rs. 18.35 crore

Ultratech Cement Ltd Q4 consolidated net profit jumps to Rs. 1034.21 crore

Tata Elxsi Ltd Board recommends Dividend of Rs. 13.50

Hexaware Technologies Ltd Board approves Dividend of Rs. 2.50

Akzo Nobel India Ltd board to approve dividend, Q4, FY19 results on May 3, 2019

UltraTech Cement Ltd Board recommends Dividend of Rs. 11.50

Trident Ltd Board to consider FY19 results, Final Dividend & Sub-division of Equity Shares

V-Mart Retail Ltd opens new stroes in West Bengal, UP

Surya Roshni Ltd bags Rs. 231.18 crore order from IOC

Accelya Kale Solutions Limited calls for board meeting on May 3, 2019

Kewal Kiran Clothing Ltd board to approve Q4, FY19 results, dividend on May 4, 2019

No vote, no choice - McDonald's thought provoking social activation urges youth to vote and make a difference

Jubilant Foodworks Ltd board to announce FY19 results, dividend on May 15, 2019

Tata Global Beverages Ltd announces Q4, FY18-19 results

Nucleus Software announces FY19 Financial Results

USFDA retains the OAI status of Indoco's Goa Plant I

CARE BB rating assigned to Trident Texofab Limited

Linde India Ltd board to consider Q1 results on May 13, 2019

Thirumalai Chemicals Ltd board to consider dividend, Q4, FY19 results on May 6, 2019

Prakash Pipes Limited board recommends dividend of Rs. 1.20

ICICI Securities Ltd reports Q4, FY19 results

Coromandel International posts Q4, FY 2018-19 results

Tata Global Beverages Ltd reports lower Q4 consolidated PAT of Rs. 22.90 crore in FY19

Hero Cycles partners with Satin Creditcare Network Limited towards empowering Rural India

Indiabulls Integrated Services Ltd Q4 PAT jumps to Rs. 72.78 crore

Nucleus Software Exports Ltd FY19 consolidated PAT rises to Rs. 74.54 crores

SORIL Infra Resources Ltd FY 2018-19 PAT drops to Rs. 13.95 crores

Sasken Technologies Ltd Q4 FY19 net profit soars to Rs. 27.45 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019