Voltas Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Revenue from Operations for Q2 was at ₹ 2364 Cr · Net profit stood at ₹ 36 Cr · Earnings per Share (Face Value per share of Re. 1) (not annualised) as of September 30, 2023: Rs. 4.96, up from          Rs. 3.07 last year.

Performance Highlights

· Revenue from operations grew by 29% YoY · Rs. 36 crores, a substantial improvement from the Rs. 6 crores loss last year · Notable turnaround in net profit

Consolidated Results (Six Months)

· Total income growth: 25% YoY · Segment revenue for engineering products and services reached Rs. 134 Cr · Segment revenue for electro-mechanical projects surged by 67% to Rs. 924 Cr

Segment Results

· Unitary Cooling Products - Strong performance despite market challenges · Electro-Mechanical Projects and Services - Significant segment revenue surge · Engineering Products and Services - Maintained improved performance in the segment

Source: Voltas Limited Q2 Results FY24 Report, BSE