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Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd Healthy UCP performance; recovery continues in EMPS * Voltas (VOLT)’s 2QFY25 earnings were above our estimates, led by higherthan-estimated revenue/EBIT growth in the UCP segment and higher margin in the EMPS segment. Revenue grew 14% YoY to INR26.2b (5% beat), while EBITDA jumped 131% YoY to INR1.6b (11% beat). OPM surged 3.1pp YoY to ~6% (+30bp vs. our est.). Adj. PAT jumped 265% YoY to INR1.3b (est. INR1.2b). * Management indicated that VOLT maintains a leadership pos...
Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd
Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 06:02:45 pm
Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd Healthy UCP performance; recovery continues in EMP RAC’s market share at 21% as of Sep’24 * Voltas (VOLT)’s 2QFY25 earnings were above our estimates, led by higherthan-estimated revenue/EBIT growth in the UCP segment and higher margin in the EMPS segment. Revenue grew 14% YoY to INR26.2b (5% beat), while EBITDA jumped 131% YoY to INR1.6b (11% beat). OPM surged 3.1pp YoY to ~6% (+30bp vs. our est.). Adj. PAT jumped 265% YoY to INR1.3b (est. INR1.2b). * Management ind...
Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd
Buy Voltas Ltd For Target Rs.2,070 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 11:22:57 am
Stock Picks : Bajaj Finance Ltd And Voltas Ltd By ICICI Direct Bajaj Finance Ltd Buy Bajaj Finance Ltd @ 7600-7612 Target 7686.0 Stop Loss 7564.40   Voltas Ltd Buy Voltas Ltd @ 1930-1933 Target 1953.00 Stop Loss 1953.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bajaj Finance Ltd And Voltas Ltd By ICICI Direct
Stock Picks : Bajaj Finance Ltd And Voltas Ltd By ICICI Direct
Source: ICICI Direct
2024-09-20 11:22:19 am
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd Strong show as the EMPS segment turns around UCP’s overall volumes rise ~67% YoY * Voltas (VOLT)’s 1QFY25 performance was above our estimates, led by higher-than-estimated revenue growth in the UCP and EMPS segments, and a profit in EMPS vs. our estimate of a loss. Revenue stood at INR49.2b vs. est. INR39.4b. EBITDA was INR4.2b v/s est. INR2.6b. OPM surged 3.1pp YoY to 8.6% (est. 6.6%). Adj. PAT jumped 159% YoY to INR3.3b (est. INR1.9b). * The management indicated that UCP&r...
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-09-09 12:53:53 pm
NEUTRAL Voltas Ltd For Target Rs.1,675 By Yes Securities Result Synopsis Voltas has delivered better than expected revenue growth with UCP growing by 51% (higher than peers like BLSTR and Lloyd) and EMPS segment growing 40% on improved execution as order backlog continues to be robust. Voltas has outperformed industry in terms of revenue growth in UCP. It’s YTD market share of 19.5% has seen improvement of ~50bps, while its June’24 exit market share stood at 21.2%. UCP margins at 8.6% have been lower than estimates as commercial Ac a...
NEUTRAL Voltas Ltd For Target Rs.1,675 By Yes Securities
NEUTRAL Voltas Ltd For Target Rs.1,675 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 03:42:36 pm
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd Aims to retain market share and high single-digit margins RAC market share improves to 19.5% in 1QFY25 * Voltas (VOLT)’s management in the 1QFY25 earnings call indicated that it maintains its leadership position in the RAC segment, with a market share of 19.5% in 1QFY25. It maintains margin guidance to be in the high single-digit, with continuing leadership position in the RAC segment. In EMPS, domestic business grew 50% YoY, whereas in international business, the UAE and Saudi Arab...
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd
Buy Voltas Ltd For Target Rs. 1,800 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-08-19 04:14:27 pm
India's Voltas reports two-fold rise in profit on higher demand for air conditioners India's Voltas posted a more than two-fold jump in its first-quarter profit on Monday as consumers bought more of its air conditioners and coolers amid unprecedented heatwaves across the country. The company's consolidated net profit jumped to 3.34 billion rupees (nearly $40 million) from 1.29 billion rupees a year earlier. Revenue from operations for the company, which also makes AC stabilizers, rose 47% to 49.04 billion rupees, led by a 51% growth in its cooling products segme...
India's Voltas reports two-fold rise in profit on higher demand for air conditioners
India's Voltas reports two-fold rise in profit on higher demand for air conditioners
Source: Reuters
2024-08-12 09:30:32 am
Quote on Budget 2024 Reaction by Mr. Pradeep Bakshi, MD & CEO, Voltas Limited Below the Quote on Budget 2024 Reaction by Mr. Pradeep Bakshi, MD & CEO, Voltas Limited   “The Union Budget 2024 reflects a forward-thinking approach that will significantly benefit the consumer durables industry and bolster our efforts towards sustainable development. The full exemption of customs duties on 25 critical minerals, including lithium, copper, cobalt, and rare earth elements, is a substantial boost for sectors reliant on these materials, such as high-tec...
Quote on Budget 2024 Reaction by Mr. Pradeep Bakshi, MD & CEO, Voltas Limited
Quote on Budget 2024 Reaction by Mr. Pradeep Bakshi, MD & CEO, Voltas Limited
Source: Voltas Limited
2024-07-24 10:46:01 am
Buy Voltas Ltd. For Target Rs. 1,515 By JM Financial Services Strong growth in Q4. Looking up for market share gain in Q1 In Q4FY24, Voltas posted revenue of INR 42.0bn up 42% YoY, 4 years CAGR of +19%. Its UCP revenue was INR 29.5bn up 44% yoy due to strong RAC volume growth on back of strong summer (4 years CAGR c.+25%). Overall UCP volumes was up c.27% in FY24 with RAC volume growth of c.+35% in FY24. EMP, domestic business grew c.38% yoy due to healthy order book while International business continues to face challenges. We transfer the coverage ...
Buy Voltas Ltd. For Target Rs. 1,515 By JM Financial Services
Buy Voltas Ltd. For Target Rs. 1,515 By JM Financial Services
Source: JM Financial Services
2024-07-01 03:53:09 pm
ADD Voltas Ltd. For Target Rs. 1,538 - Yes Securities Headwinds in projects business to recede, RAC to outshine; upgrade to ADD Result Synopsis Voltas has delivered better than expected revenue growth with UCP growing by 44% (higher than peers like BLSTR and Lloyd) and EMPS segment growing 47% on improved execution as order backlog continues to be robust. Voltas has outperformed industry in terms of revenue growth in UCP. It’s YTD market share of 18.7% is expected to improve in Q1 as secondary sales will be higher in Q1 and will trac...
ADD Voltas Ltd. For Target Rs. 1,538 - Yes Securities
ADD Voltas Ltd. For Target Rs. 1,538 - Yes Securities
Source: Yes Securities Ltd.
2024-06-24 02:02:48 pm
Buy Voltas Ltd.For Target Rs.1,590 - Motilal Oswal Financial Services RAC witnessing strong recovery; outlook positive RAC’s market share at 18.7% YTD; volumes rise ~35% YoY in FY24 * Voltas (VOLT)’s 4QFY24 performance was below estimate due to lower-thanestimated margins across segments. Revenue was up 42% YoY to INR42.0b (in line with est.). However, EBITDA declined 13% YoY to INR1.9b (est. INR2.9b). OPM contracted 2.8pp YoY to 4.5% (est. 6.7%). Adj. PAT (adjusted for prior-period tax) declined 28% YoY to INR1.0b (est. INR2.3b). * The man...
Buy Voltas Ltd.For Target Rs.1,590 - Motilal Oswal Financial Services
Buy Voltas Ltd.For Target Rs.1,590 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-21 12:18:12 pm
Buy Voltas Ltd. FOR Target Rs.1,650 By Motilal Oswal Financial Services Strong volume growth; market share to increase RAC segment’s market share is estimated at ~22% in FY24-26 * Voltas (VOLT) stock has appreciated by 50%+ in the last six months and has performed well since the reinitiation of coverage in Sep’23. Interactions with dealers in a few regions indicate that there has been an increase in demand for cooling products in Mar & Apr’24. Industry estimates indicate that the demand for RAC has increased by over 30% during the per...
Buy Voltas Ltd. FOR Target Rs.1,650 By Motilal Oswal Financial Services
Buy Voltas Ltd. FOR Target Rs.1,650 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-13 01:58:55 pm
Sell Voltas Ltd. For Target Rs. 1,190 - Elara Capital Sales soars on strong Summer demand RAC Q4 volume growth at 72%, FY24 at 35% Voltas (VOLT IN) unitary cooling products (UCP) revenue rose 44% YoY to INR 29.6bn in Q4FY24. This was primarily driven by RAC volume growth of 72% in Q4FY24 and 35% in FY24, as split AC sales doubled in Q4, and grew 50% in FY24. A strong Summer coupled with the rise in distribution network and new launches propelled UCP revenue surge. Revenue from commercial air conditioning experienced robust growth; however,...
Sell Voltas Ltd. For Target Rs. 1,190 - Elara Capital
Sell Voltas Ltd. For Target Rs. 1,190 - Elara Capital
Source: Elara Capital
2024-06-04 11:28:49 am
Reduce Voltas Ltd. For Target Rs.1,300 By Centrum Broking Ltd VOLT’s consolidated sales grew 42% YoY to Rs42bn, 17%/10% above our/consensus estimate. UCP sales jumped 44% YoY to Rs29.6bn, driven by 72% RAC volumes growth. EMPS sales rose 47% YoY to Rs10.9bn led by strong execution of domestic and Saudi Arabia orders. However, margins were softer as gross margin fell 180bps YoY to 19.8% while EBITDA margin fell 290bps YoY to 4.5% (vs. our/consensus of 6.7%/6.8%). Larger than expected loss in EMPS at Rs1.1bn and lower than expected EBIT margin in UC...
Reduce Voltas Ltd. For Target Rs.1,300 By Centrum Broking Ltd
Reduce Voltas Ltd. For Target Rs.1,300 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-05-10 03:20:55 pm
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share Tata Group AC manufacturer Voltas Ltd on Tuesday reported a 19 per cent decline in consolidated net profit, at Rs 116 crore, for the January-March quarter of 2023-24, compared to Rs 144 crore in the same period of the previous year. The Mumbai-based company’s consolidated revenue from operations rose 42 per cent to Rs 4,203 crore in Q4FY24, as compared to Rs 2,957 crore in Q4FY23. "The directors have recommended dividend of Rs 5.50 per share on face value of Re 1 per share (5...
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share
Source: IANS
2024-05-08 10:53:07 am
Voltas moves up on the bourses Voltas is currently trading at Rs. 1314.20, up by 7.20 points or 0.55% from its previous closing of Rs. 1307.00 on the BSE. The scrip opened at Rs. 1324.95 and has touched a high and low of Rs. 1352.85 and Rs. 1301.70 respectively. So far 137335 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1373.20 on 08-Apr-2024 and a 52 week low of Rs. 745.00 on 14-Jul-2023. Last one week high and low of the scrip stood at R...
Voltas moves up on the bourses
Voltas moves up on the bourses
Source: Accord Fintech
2024-04-09 03:02:33 pm
Voltas jumps on recording 35% sales growth in Air Conditioner in FY24 Voltas is currently trading at Rs. 1341.55, up by 109.35 points or 8.87% from its previous closing of Rs. 1232.20 on the BSE. The scrip opened at Rs. 1303.85 and has touched a high and low of Rs. 1373.20 and Rs. 1303.85 respectively. So far 182253 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,373.20 on 08-Apr-2024 and a 52 week low of Rs. 745.00 on 14-Jul-2023. Last one week high and low of the scrip stood a...
Voltas jumps on recording 35% sales growth in Air Conditioner in FY24
Voltas jumps on recording 35% sales growth in Air Conditioner in FY24
Source: Accord Fintech
2024-04-08 10:39:28 am
Stock of the day : Voltas Ltd For Target Rs.1220 - Religare Broking Voltas Ltd.     Buy Voltas Ltd. CMP 1151.60 Range 1148-1152 SL 1115; Target 1220     Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330
Stock of the day : Voltas Ltd For Target Rs.1220 - Religare Broking
Stock of the day : Voltas Ltd For Target Rs.1220 - Religare Broking
Source: Religare Broking
2024-04-02 10:51:16 am
Buy Voltas @ 1057 and add Upto 1020 for the Target of 1175/1250 - Choice Broking VOLTAS is currently trading at ?1057. The stock has recently formed a rounding bottom pattern and is consolidating near a resistance level, accompanied by significant trading volume. There are expectations of further upward momentum, with potential targets at ?1175 and ?1250. On the downside, substantial support is observed around ?990. Moreover, VOLTAS is trading above crucial Exponential Moving Averages (EMAs), including the 20-day and 50-day, indicating a robust bullish momentum and sug...
Buy Voltas @ 1057 and add Upto 1020 for the Target of 1175/1250 - Choice Broking
Buy Voltas @ 1057 and add Upto 1020 for the Target of 1175/1250 - Choice Broking
Source: Choice Broking
2024-01-31 12:45:31 pm
India`s Tata mulls sale of Voltas home appliances business India's Tata Group is considering selling the home appliances business of Voltas, in which it has a nearly 30% stake, as the conglomerate expects difficulties in scaling it up in a competitive market, Bloomberg News reported on Tuesday. The considerations are at an early stage and Tata has not yet decided if the sale will include Voltas' consumer durables local joint venture, Voltbek Home Appliances, Bloomberg reported, citing people familiar with the matter. The report did not ...
India`s Tata mulls sale of Voltas home appliances business
India`s Tata mulls sale of Voltas home appliances business
Source: Reuters
2023-11-07 02:28:19 pm
Voltas gains on reporting consolidated net profit of Rs 35.65 crore in Q2 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 re...
Voltas gains on reporting consolidated net profit of Rs 35.65 crore in Q2
Voltas gains on reporting consolidated net profit of Rs 35.65 crore in Q2
Source: Accord Fintech
2023-10-23 04:00:27 pm
India`s Voltas reports second-quarter profit below estimates on higher costs India's Voltas reported a second-quarter profit on Thursday that missed analysts' estimates as the maker of air conditioners and other cooling products grappled with higher raw material costs.Consolidated net profit came in at 366.8 million Indian rupees ($4.41 million) for the three months ended Sept. 30, compared with a loss of 74.1 million rupees a year earlier.Analysts had expected a profit of 984.3 million rupees, according to LSEG data.Voltas' expenses jumped 33.4% to 22.46 billion rupe...
India`s Voltas reports second-quarter profit below estimates on higher costs
India`s Voltas reports second-quarter profit below estimates on higher costs
Source: Reuters
2023-10-20 09:42:17 am