Voltas slips over 4.50% as Tata group firm is set to report fourth-quarter results

Voltas shares slid by over 4.55 per cent on BSE on Tuesday (May 7, 024) as the Tata group firm is set to report its fourth-quarter results today. The stock that ended its journey on Monday at Rs 1447.20 rose to Tuesday's high of Rs 1461.75, a one per cent rise from the previous close, in the morning session.

But later on, it hit the day's low of Rs 1,381.00, a 4.57 per cent decline from the previous close. 

The shares closed trading lower by 4.06 per cent, or Rs 58.75, at Rs 1,388.45 on Tuesday.

Voltas Q4FY24 YOY consolidated results preview 

The company's profit after tax (PAT) is expected to rise by 25 per cent to Rs 179 crore in the fourth quarter compared to Rs 143 crore in the same quarter last fiscal.

Its revenue from operations is set to soar by 28 per cent to Rs 3,789 crore in Q4 compared to Rs 2,957 crore Year-on-Year (YoY).

The company's EBITDA is expected to rise by 18 per cent to Rs 258 crore in the quarter under review against Rs 219 crore in Q4 FY23.

Voltas' margins are expected to slip to 6.8 per cent in the January-March quarter compared to 7.4 per cent in the same quarter last year.

Zee Business research has a strong quarter forecast for Voltas.

It says that UCP's income is estimated to grow by more than 20 per cent.

The focus is on margins of the UCP business.

The company records 72 per cent growth in AC volumes in Q4FY24.

The company sold the highest number of ACs in FY24.

Voltas sold 20 lakh units of AC in FY24, 35 per cent growth in volume.

Voltas is leader with a 19 per cent market share.

The estimated growth of 42 per cent in EMPS.

The management commentary post Q4 results will be important.