Voltas reports marginal increase in its net profit for FY11

Voltas has reported results for the year ended March 31, 2011

The company has registered marginal growth of 2.70% in its net profit for FY11 at Rs 353.53 crore as compared to Rs 344.22 crore for the previous year. Its total income has increased by 14.19% at Rs 5216.65 crore for the year from Rs 4568.58 crore in previous year.

On consolidated basis, the group’s net profit after minority interest for the year has declined 6.23% at Rs 357.24 crore as compared to Rs 380.99 crore for the year ended March 31, 2010. Total income for the year has increased by 8.72% at 5257.81 crore as compared to Rs 4835.93 crore for the previous year.

Voltas has recommended dividend of Rs 2 per share on face value of Re 1 per share or 200% for the year 2010-11.