business

Voltas Q1 results 2024: Profit rises 159% to ₹334 crores

Tata Group’s air conditioner manufacturing company Voltas Limited has made a profit of Rs 334 crore in the first quarter of FY 2024-25. It has increased by 158.51% as compared to the same quarter a year ago. In Q1FY24 (first quarter of FY 2023-24), the company had a profit of Rs 129 crore.

Talking about the consolidated revenue from the company’s operations, it was Rs 4,921 crore in the April-June quarter. It has increased by 46.46% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 3,360 crore. The amount received from selling goods and services is called revenue.

Voltas Limited’s total income increased by 45.82%

Voltas Limited’s total income increased by 45.82% year-on-year to Rs 5,001 crore in the April-June quarter. In the first quarter of the financial year 2023-24, the company’s income was Rs 3,430 crore. At the same time, the total expense of the company during this period was Rs 4,520 crore.

Voltas stock rises more than 10%

After the results, the stock of Voltas Limited closed at Rs 1,581.55 today (Monday, 12 August) up 10.69%. The stock has given a return of 6.57% in the last 5 days, 4.05% in a month, 47.07% in 6 months and 91.61% in a year. Voltas stock has gained 61.72% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 52,300 crore.

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