Voltas Ltd Q2 net down 1.51% at Rs 42.28 crore

Tata Group firm Voltas Ltd today reported 1.51 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, 2013-14.

The company had net profit of Rs 42.93 crore in the July-September quarter of the previous fiscal, 2012-13.

Voltas' net sales in Q2, 2013-14 declined by 7.20 per cent to Rs 1,076.53 crore from Rs 1,160.1 crore for the same period of last fiscal, Voltas said in a filing to the BSE.

Overall expenses during the quarter stood at Rs 1,043.24 crore, down 7.5 per cent compared with Rs 1,128.1 crore in the year-ago period.

Voltas scrip was trading at Rs 92.70 per scrip on the BSE, down 0.59 per cent from its previous close.