Voltas lost 6.85% to Rs 305.30 at 11:25 IST on BSE after consolidated net profit rose 7.21% to Rs 72.11 crore on 5.03% decline in total income to Rs 1033.06 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yersterday, 16 November 2016.Meanwhile, the S&P BSE Sensex was up 36.05 points, or 0.14%, to 26,334.74
On BSE, so far 2.73 lakh shares were traded in the counter, compared with an average daily volume of 1.04 lakh shares in the past one quarter. The stock hit a high of Rs 326.90 and a low of Rs 297.75 so far during the day. The stock hit a record high of Rs 406 on 20 October 2016. The stock hit a 52-week low of Rs 211.20 on 12 February 2016. The stock underperformed the market over the past 30 days till 16 November 2016, sliding 17.78% compared with the Sensex's 6.25% fall. The scrip also underperformed the market in past one quarter, declining 10.25% as against the Sensex's 6.49% decline.
The large-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.
Voltas said that order book of the Electro-Mechanical Projects Services segment stood higher at Rs 4252 crore as on 30 September 2016 as compared to Rs 3736 crore as on 30 September 2015. Orders booked during the quarter include Rs 121 crore for water treatment plant for Agra smart city, Voltas said. For Engineering Products and Services segment, Voltas said that the industrial environment in India for both, textile and mining businesses remains challenging for capital equipment sales, due to the weak investment cycle. In Unitary Cooling Products for Comfort and Commercial use segment, Voltas said that the company continued to be the market leader for the room air conditioners in India.
Voltas is an air conditioning company and one of the world's premier engineering solutions providers and project specialists. Voltas offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
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