Voltas Q2 Results: Net profit at Rs 36 crore

Voltas Q2 Results: The company said its board has approved a proposal to raise up to Rs 500 crore through the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis.

Voltas Q2 Results: Net profit at Rs 36 crore
The company had reported a net loss of Rs 6 crore in the July-September period of the last fiscal. Pic: twitter.com/myvoltas

Voltas Q2 Results: Air conditioner maker Voltas on Thursday reported a consolidated net profit of Rs 36 crore for the second quarter ended September 30. The company had reported a net loss of Rs 6 crore in the July-September period of the last fiscal.

Its total income increased to Rs 2,364 crore for the second quarter against Rs 1,833 crore in the year-ago period, Voltas Ltd said in a regulatory filing.

The company said its board has approved a proposal to raise up to Rs 500 crore through the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis.

Also Read: Havells Q2 Results: Net profit rises 33.2% to Rs 249 crore

The funds would be utilised for the capital expenditure for its new manufacturing plants at Chennai and Waghodia in Gujarat, it added.

Shares of the company on Thursday ended 0.68 per cent up at Rs 839.30 apiece on the BSE.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.     

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/banking/photo-gallery-fd-rates-of-private-public-banks-sbi-pnb-hdfc-icici-post-office-3-year-fixed-deposit-tenure-326468

Latest FD Interest Rates: What SBI, PNB, HDFC Bank, ICICI Bank and other banks are offering in 3-year fixed deposit schemes

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-fd-state-bank-of-india-latest-senior-citizen-fixed-deposit-interest-rate-maturity-calculator-know-return-on-inr-rs-500000-1000000-1500000-investments-in-amrit-vrishti-1-3-5-year-scheme-326523

SBI Senior Citizen FD Interest Rates: Know how Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh investments will give in maturity in Amrit Vrishti, 1-, 3-, and 5-year fixed deposit schemes

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etf-that-with-up-to-59-cagr-returns-in-1-year-calculator-mirae-asset-nyse-fang-has-turned-inr-rs-300000-into-464530-bse-nse-cpse-sbi-uti-icici-pru-motilal-326333

Top 7 ETFs That Have Given up to 59% Returns in 1 Year: No. 1 ETF has turned Rs 3 lakh investment into Rs 4.65 lakh; know about others too

https://www.zeebiz.com/india/news-weather-update-heavy-rains-in-tamil-nadu-yellow-alert-for-18-districts-this-weekend-326587

Weather Update: Heavy rains in Tamil Nadu, yellow alert for 18 districts this weekend

https://www.zeebiz.com/market-news/photo-gallery-stocks-to-buy-up-to-71-percent-return-brokerage-antique-recommends-4-stocks-after-q2-results-326562

Stocks to Buy: Up to 71% return in falling market! Brokerage recommends buying these 4 stocks

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-inr-rs-2000-monthly-mutual-fund-sip-compounding-returns-calculator-can-one-achieve-32708677-retirement-corpus-by-investment-in-how-many-years-326086

Power of Rs 2,000 Monthly SIP: Can one achieve Rs 3.18 crore corpus by investing Rs 2,000 monthly? If yes, in how many years

https://www.zeebiz.com/personal-finance/photo-gallery-sip-swp-mutual-fund-retirement-corpus-planning-calculator-inr-rs-12000-monthly-sip-till-50-years-of-age-and-then-135000-monthly-income-pension-till-80-compounding-rupee-cost-averaging-326399

SIP+SWP Calculator: Rs 12,000 monthly SIP for 25 years and then Rs 135,000 monthly income for 30 years; how it can work out

Written By: PTI
Updated: Thu, Oct 19, 2023
08:53 PM IST
PTI
RELATED NEWS
Voltas rallies over 9% to fresh all-time high on strong Q1 performance Voltas rallies over 9% to fresh all-time high on strong Q1 performance
Havells, Voltas, Crompton Greaves, Symphony: What to expect from consumer durable stocks going ahead? Goldman Sachs raises targets Havells, Voltas, Crompton Greaves, Symphony: What to expect from consumer durable stocks going ahead? Goldman Sachs raises targets
Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas
MSCI Indexes May rejig to come into force from May 31 close: Canara, JSW Energy among the 3 largest additions to MSCI EM Index MSCI Indexes May rejig to come into force from May 31 close: Canara, JSW Energy among the 3 largest additions to MSCI EM Index
Voltas shares crack 9% after operationally weak numbers in Q4; what should investors do with Tata group AC maker stock? Voltas shares crack 9% after operationally weak numbers in Q4; what should investors do with Tata group AC maker stock?

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x