Voltas Q3 net down 19.38 per cent at Rs 61.92 crore

AC maker Voltas Ltd on Thursday reported a decline of 19.38 per cent in consolidated net profit at Rs 61.92 crore for the third quarter that ended in December 2013.

The company had posted a consolidated net profit of Rs 76.81 crore in the same period last year, it said in a statement.

Its consolidated net sales declined to Rs 1,114.99 crore in the period as against Rs 1,150.17 crore, the Tata Group firm said.

Revenue from the electro-mechanical projects and services declined to Rs 643 crore from Rs 797 crore in the same quarter last year.

However, earning from engineering products and services increased to Rs 148 crore as against Rs 133 crore, while those from unitary cooling products for comfort and commercial rose to Rs 347 crore from Rs 239 crore.

Shares in Voltas, on Thursday, ended at Rs 106.60 apiece on the BSE, up 7.51 per cent from the previous close.