Voltas rises post Q4 results; net profit up 17.55% to Rs 118.04 cr

NEW DELHI: Voltas Ltd surged as much as 9.46 per cent in trade on Friday, after the Tata Group firm reported a 17.55 per cent increase in consolidated net profit at Rs 118.04 crore for the fourth quarter ended March 31, 2014-15.

The company had net profit of Rs 100.41 crore in the January-March quarter of 2013-14.

Voltas' net sales in the fourth quarter of 2014-15 increased marginally by 2.32 per cent to Rs 1,484.09 crore from Rs 1,450.36 crore for the same period of last fiscal, Voltas said in a filing to the BSE.

For the financial year 2014-15, the company had a net profit of Rs 384.33 crore. It was Rs 245.73 crore in the 2013-14 fiscal.