Tata Group firm Voltas Ltd on Thursday said its consolidated net profit has fallen a 27 per cent to ₹ 141.74 crore for the fourth quarter ended March 2019 as compared to a net profit of ₹ 194.19 crore in the January-March quarter a year ago.
Its total income during the quarter was ₹ 2,120.22 crore, a rise of 1.34 per cent as against ₹ 2,092.17 crore of the corresponding quarter of the previous fiscal.
Voltas’ total expense was ₹ 1,935.09 crore in January-March 2019, compared with ₹ 1,805.63 crore in the year-ago period, up 7.16 per cent.
Voltas’ revenue from the Unitary Cooling Products for Comfort and Commercial Use segment was down 6.28 per cent to ₹ 997.57 crore as against ₹ 1,064.49 crore. The electromechanical projects and services segment rose 11.72 per cent to ₹ 976 crore ₹ 873.54 crore) Its engineering products and services stood at ₹ 78.47 crore, down 5.95 per cent, as against ₹ 83.44 crore.
For the entire financial year 2018-19, Voltas net profit stood at ₹ 513.88 crore, down 11.07 per cent(Rs 577.90 crore) . In 2018-19, Voltas’ total income rose 10.72 per cent to ₹ 7,310.32 crore, compared with ₹ 6,602 crore in 2017-18.
In a separate filing, Voltas said its board in a meeting on Thursday recommended a dividend of ₹4 per share on a face value of Re 1 per share for 2018-19.
Shares of Voltas Ltd Thursday settled at ₹ 573.20on the BSE, down 0.28 per cent from the previous close.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.