Voltas Q1 profit declines 48 pc to Rs 40.75 crore

NEW DELHI: Tata group firm Voltas Ltd today reported 48.49 per cent decline in consolidated net profit at Rs 40.75 crore for the first quarter ended June 30, 2013.

The company had posted a consolidated net profit of Rs 79.12 crore for the same period previous fiscal.

Company's consolidated net sales stood at Rs 1,601.78 crore in the April-June quarter compared to Rs 1,611.57 crore during the same period last year, Voltas said in a filing to the BSE.

Voltas consolidated revenue from its electro-mechanical projects and services segment was at Rs 692.95 crore as against Rs 741.30 crore in the year-ago quarter.

Its engineering products and services segment registered consolidated revenue of Rs 111.17 crore as against Rs 106.55 crore in the same quarter last fiscal.

Company's 'unitary cooling products for comfort and commercial use ' segment's consolidated revenue increased to Rs 786.74 crores this quarter as against Rs 754.38 crores in the year-ago period.

Shares of Voltas closed today at Rs 76.45 on BSE, up 0.53 per cent from the previous close.