Technical charts indicate that the 5 newly added stocks to the MSCI index are favourably placed and could soar up to 19% in forthcoming trading sessions.
The fall in the share price came on the back of profit booking after the company posted stellar September quarter of financial year 2025 (Q2FY25) results on Tuesday, October 29, 2024
Air-conditioning maker and engineering services provider Voltas Ltd on Tuesday reported more than two-fold jump in consolidated net profit to Rs 132.83 crore for the September quarter. The increase was led by a 56 per cent volume growth from its room AC business. It had posted a consolidated net profit of Rs 35.65 crore in the July-September period a year ago, the company said in a regulatory filing. Voltas' revenue from operations was up 14.23 per cent to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas increased 10.74 per cent to Rs 2,486.89 crore in the September quarter. Voltas' total income, which includes other income, was up 16.53 per cent in the September quarter to Rs 2,754.58 crore. Shares of Voltas Ltd on Tuesday settled at Rs 1,770.50 on the BSE, up 0.47 per cent from the previous close.
Stocks with long buildup in August series: Key levels to track on Voltas, Naukri and Laurus Labs as these stocks could potentially gain up to 9 per cent from present levels.
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss
Air conditioning maker and engineering services provider Voltas Ltd on Monday reported an over two-fold jump in consolidated net profit at Rs 335 crore for the first quarter ended June 30, 2024, led by a "significant volume growth" from its room AC business. Besides, the Tata Group firm also achieved the "milestone" of one million units of AC sales in Q1 FY25" and its total income crossed Rs 5,000-crore mark in the June quarter. It had posted a consolidated net profit of Rs 129.42 crore in the April-June period a year ago, The company said in a regulatory filing. Voltas' revenue from operations was up 46.46 per cent in the June quarter. It was at Rs 3,359.86 crore in the corresponding quarter a year ago. Total expenses of Voltas increased 41.44 per cent to Rs 4,520.40 crore in the June quarter of FY25. Voltas' total income in the June quarter was up 45.81 per cent to Rs 5,001.27 crore. In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for
Voltas share price record high: The unitary cooling products business, which accounts for 76 per cent of total income, continued to outperform the market
Distribution expansion, launches may perk up firm's showing