Voltas declines on reporting 23% fall in Q4 consolidated net profit

08 May 2024 Evaluate

Voltas is currently trading at Rs. 1318.60, down by 69.85 points or 5.03% from its previous closing of Rs. 1388.45 on the BSE.

The scrip opened at Rs. 1281.40 and has touched a high and low of Rs. 1332.95 and Rs. 1261.65 respectively. So far 199918 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1500.00 on 06-May-2024 and a 52 week low of Rs. 745.00 on 14-Jul-2023.

Last one week high and low of the scrip stood at Rs. 1500.00 and Rs. 1261.65 respectively. The current market cap of the company is Rs. 43478.25 crore.

The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 55.30% and 14.40% respectively.

Voltas has reported 21.53% rise in its net profit at Rs 190.31 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 156.59 crore for the same quarter in the previous year. Total income of the company increased by 35.69% at Rs 3121.31 crore for Q4FY24 as compared Rs 2300.32 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 22.75% fall in its net profit at Rs 110.64 crore for fourth quarter ended March 31, 2024 as compared to Rs 143.23 crore for the same quarter in the previous year. However, total income of the company increased by 41.75% at Rs 4257.30 crore for Q4FY24 as compared Rs 3003.46 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 57% fall in net profit at Rs 604.26 crore as compared to Rs 1405.31 crore for the previous year. However, total income of the company increased by 14.49% at Rs 8987.76 crore for year under review as compared to Rs 7850.12 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 82.14% rise in its net profit at Rs 248.11 crore as compared to Rs 136.22 crore for the previous year. Total income of the company increased by 31.73% at Rs 12,734.47 crore for year under review as compared to Rs 9667.22 crore for year ended March 31, 2023.


Voltas Share Price

1362.35 12.30 (0.91%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Voltas 1362.35
Blue Star 1600.00
Amber Enterprises 3600.00
Johnson Controls 1810.00
EPACK Durable 171.90
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.