Voltas Limited is trading higher by 3% at Rs 107 on maintaining the operating profit at Rs 109 crore in June quarter, the same level as in the corresponding quarter of last year, despite increase in input costs including inertest cost.
Meanwhile, the Tata Group Company has reported a 40% year-on-year (yoy) fall in consolidated net profit at Rs 79 crore in the first quarter of current fiscal. The consolidated sales however, grew 20% at Rs 1,612 crore on y-o-y basis.
“The company had reported a net profit of Rs 132 crore in Q1 of previous fiscal, which include a one time exceptional income of Rs 79 crore on transfer of company’s material handling business to joint venture,” Voltas said in a press release.
The stock opened at Rs 102 and hit a high of Rs 108 on the National Stock Exchange. A combined 2.18 million shares have changed hands on the counter so far on both the exchanges.
