Voltas Q4 profit at Rs 100.41 crore

Tata Group firm Voltas Ltd today reported consolidated net profit of Rs 100.41 crore for the fourth quarter ended March 31.
The company had net profit of Rs 8.99 crore in the January-March quarter of the previous fiscal, 2012-13.
The company had reported exceptional item loss of Rs 95.55 crore towards an onerous contract in the corresponding quarter last year.
Voltas' net sales in Q4, 2013-14 declined by 8.90 per cent to Rs 1,450.36 crore from Rs 1,592.22 crore for the same period of last fiscal, Voltas said in a filing to the BSE.
Overall expenses during the quarter stood at Rs 1,364.32 crore, down 10.32 per cent compared with Rs 1,521.32 crore in the year-ago period.

Voltas scrip clsoed at Rs 179.95 per scrip on the BSE, up 1.10 per cent from its previous close on the BSE.