Voltas surges 10% to hit record high post Q4 results

The stock surged 10% to Rs 451, also its record high on BSE on back of heavy volumes

Voltas surged 10% to Rs 451, also its record high on BSE, after the company reported a better than expected 22% year-on-year (y-o-y) jumped in its consolidated net profit at Rs 200 crore in the March quarter (Q4FY17).  Net sales grew 9.7% at Rs 2,035 crore on y-o-y basis.

Analysts on an average had expected profit of Rs 153 crore and net sale of Rs 1,899 crore for the quarter.

Led by improved sales in Unitary Cooling Products, the consolidated income from operations for the year ended March 2017 was higher by 5% at Rs 6,033 crore as