Fri, Oct 25, 2024
Voltas is set to report an yet-another strong quarter on the back of good show across business segments.
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Thu, May 09, 2024
Top 7 Stocks: The share market opened in the red on Thursday (May 9, 2024) as benchmark indices Sensex and Nifty50 on Thursday (May 9) were down following a flat close in the session a day ago, with pessimism prevailing amid rising volatility and selling by foreign investors.
Tue, May 07, 2024
Voltas' profit after tax (PAT) is expected to rise by 25 per cent to Rs179 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.
Also, investors will keep an eye on the margins of the UCP segment. Additionally, the company's electro-mechanical projects and services (EMPS) segment is expected to register 42 per cent growth.
Mon, Apr 22, 2024
UBS has raised the target price on the stock by a sharp margin from the earlier Rs 885 to currently at Rs 1800, signalling now over 38 per cent potential upside.
Mon, Apr 08, 2024
Voltas shares surged by 10%, hitting their upper circuit and reaching a fresh 52-week high after announcing record sales of 2 million AC units in FY24, marking the highest-ever sales by any brand in India for a financial year.
Tue, Apr 02, 2024
Indian Meteorological Department (IMD) said in its report that there is a fear of severe heat in Central India in April. It also said that there was a possibility of more heat than normal in some parts of North and South. After the news, Voltas hit a 52-week high of Rs 1,215.20, jumping by 5.35 per cent from its previous close of Rs 1,153.45.
Wed, Jan 31, 2024
“Voltas' key cooling products segment, which accounts for over half of the company's revenue and makes appliances like purifiers, reported a more-than-21 per cent rise in revenue,” noted the Reuters report.
Tue, Jan 30, 2024
Voltas Q3 Preview: Analysts estimate the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA), a key financial metric determining profitability, to soar 53 per cent to Rs 119 crore in the quarter under review from Rs 78 crore recorded in the third quarter of the financial year 2022–23.
Wed, Aug 03, 2022
Voltas share price: Shares of Voltas fell around four per cent in early trade on Wednesday, a day after the Tata Group company reported 10.47% decline in consolidated net profit at Rs 109.62 crore in the quarter ended June '22
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