简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
India's Voltas posts rise in Q1 profit on surge in AC sales
Abstract：Aug 11 (Reuters) - Tata Group company Voltas (VOLT.NS) reported nearly a 19% rise in first-quarter p
Aug 11 (Reuters) - Tata Group company Voltas (VOLT.NS) reported nearly a 19% rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers.
Consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier.
Income from operations rose nearly 22% to 33.35 billion rupees.
Its mainstay unitary cooling products segment, which makes goods such as air conditioners, coolers and purifiers, reported a 16% rise in revenue and a 15% increase in volume growth.
Earlier, rivals Blue Star (BLUS.NS) and Havells India (HVEL.NS) also posted a rise in their quarterly earnings.
Voltas shares closed down 0.98% at 828.55 rupees ahead of the results.
($1 = 82.8070 Indian rupees)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX Broker
Latest News
Webull Partners with Coinbase to Offer Crypto Futures
WikiFXeToro Expands Nationwide Access with New York Launch
WikiFXWhy Is UK Inflation Rising Again Despite Recent Lows?
WikiFXHackers Charged for $11M Crypto Theft Using SIM-Swaps
WikiFXRole of Central Banks in the FX Market
WikiFXFCA Alerts Against Sydney FX
WikiFXWhat Makes Cross-Border Payments Easier Than Ever?
WikiFXTrader Exposes Unethical Practices by STP Trading
WikiFXInteractive Brokers Launches Tax-Friendly PEA Accounts in France
WikiFXGoogle Warns of New Deepfake Scams and Crypto Fraud
WikiFXCurrency Calculator
