This Article is From Nov 14, 2014

Voltas Profit Rises 18% in Q2 to Rs 50 Crore

Voltas Profit Rises 18% in Q2 to Rs 50 Crore

New Delhi: Tata Group firm Voltas Ltd on Thursday reported an increase of 18 per cent in consolidated net profit to Rs 49.93 crore for the second quarter of the current fiscal due to better price margins.

The company had posted consolidated net profit of Rs 42.28 crore in the July-September quarter of the previous fiscal.

Voltas' consolidated net income during the quarter under review declined 8.87 per cent to Rs 984.65 crore from Rs 1,080.53 crore for the same period of last fiscal, Voltas said in a filing to the BSE.

For the first half of 2014-15, Voltas' consolidated net profit almost doubled to Rs 158.92 crore as against Rs 83.03 crore in the same period last year.

Voltas' net income during the six-month period increased by 2.16 per cent to Rs 2,741.99 crore, as against Rs 2,683.83 crore in the same period of the previous fiscal.

Shares of the company closed at Rs 254.60 per scrip, down 0.14 per cent, on the BSE.