Voltas rose 3.57% to Rs 263.70 at 12:50 IST on BSE after the company reported 19.04% rise in consolidated net profit to Rs 50 crore on 10.02% fall in consolidated sales to Rs 969 crore in Q2 September 2014 over Q2 September 2013.
The company announced Q2 results after market hours on Thursday, 13 November 2014.
Meanwhile, the S&P BSE Sensex was up 59.58 points or 0.21% at 27,985.94.
On BSE, so far 2.03 lakh shares were traded in the counter as against average daily volume of 3.56 lakh shares in the past one quarter.
The stock hit a high of Rs 265 and a low of Rs 255.35 so far during the day. The stock had hit a record high of Rs 270.70 on 10 September 2014. The stock had hit a 52-week low of Rs 84.10 on 13 November 2013.
The stock had outperformed the market over the past one month till 13 November 2014, gaining 7.22% compared with the Sensex's 5.9% rise. The scrip had also outperformed the market in past one quarter, gaining 24.99% as against Sensex's 7.8% rise.
The mid-cap firm has an equity capital of Rs 33.09 crore. Face value per share is Re 1.
Due to better margin realizations and cost controls, Voltas' profit from operations, before other income, finance costs and exceptional items rose was higher by 97.22% at Rs 71 crore in Q2 September 2014 over Q2 September 2013. Profit before exceptional items & tax was also higher by 37.09% at Rs 85 crore in Q2 September 2014 over Q2 September 2013. Earnings per Share (not annualized) was higher at Rs 1.51 in Q2 September 2014 as compared to Rs 1.28 in Q2 September 2013.
Voltas is air conditioning company, and a premier engineering solutions providers and project specialists. The company belongs to Tata Group.
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