A hefty dose of extraordinary income has helped engineering major Voltas to remain in the black, posting net profits of Rs 5.58 crore for the financial year 2000-01 against Rs 5.49 crore last year.
The company booked profits of Rs 23.16 crore on the sale of long-term investments and property. Sale of investments alone brought in Rs 20.05 crore.
Had it not been for the extraordinary income, Voltas would have slipped into the red like in 1996-97. It was only in the last year that it had managed to make a turnaround.
The company