Voltas gains on reporting consolidated net profit of Rs 35.65 crore in Q2
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Voltas is currently trading at Rs. 820.25, up by 1.70 points or 0.21% from its previous closing of Rs. 818.55 on the BSE.
The scrip opened at Rs. 819.00 and has touched a high and low of Rs. 831.95 and Rs. 806.90 respectively. So far 21613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 933.50 on 03-Mar-2023 and a 52 week low of Rs. 737.60 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 856.60 and Rs. 806.90 respectively. The current market cap of the company is Rs. 27306.26 crore.
The promoters holding in the company stood at 30.30%, while Institutions and Non-Institutions held 53.86% and 15.84% respectively.
Voltas has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 90.36% fall in its net profit at Rs 102.00 crore for the quarter under review as compared to Rs 1057.82 crore for the same quarter in the previous year. Total income of the company decreased by 3.98% at Rs 1416.27 crore for Q2FY24 as compared Rs 1474.92 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit at Rs 35.65 crore for Q2FY24 as compared to net loss of Rs 6.04 crore for the same quarter in the previous year. Total income of the company increased by 28.97% at Rs 2363.73 crore for Q2FY24 as compared Rs 1832.74 crore for the corresponding quarter previous year.
