Voltas - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Voltas - 4QFY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Voltas Ltd (VL) reported revenue of ~Rs2,652cr (up ~27% YoY) on back of strong sales growth in segments like Unitary Cooling Products and Electro - Mechanical Projects and Services. Voltas continues to be the market leader and is at No.1 position in ACs with a market share of 25.6% in February 2021 YTD. EBITDA increased by 72% YoY to Rs331cr , while EBITDA margin improved by 328bps YoY to 12.5% due to lower other operating expenditure. Net Profit grew by 50% YoY to Rs239cr mainly due to strong operating performance.
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