Voltas shares plummet 12% after Q3 show

Shares of Voltas plunged 12% to an intraday low of Rs 1,296 on the BSE on Thursday after the company posted weaker-than-expected Q3 numbers. The company reversed a loss from the previous year, driven by higher demand for household appliances during the festive season.

The company, which manufactures air conditioners and coolers, posted a consolidated net profit of Rs 132 crore for the quarter ending December 31, compared to a loss of Rs 30.41 crore a year earlier.

Voltas' revenue from operations grew by 18% year-on-year (YoY), reaching Rs 3,087 crore, compared to Rs 2,684 crore in Q3 FY24.


For the nine months ending December 31, 2024, the company reported a 28% YoY increase in consolidated total income, reaching Rs 10,890 crore, up from Rs 8,477 crore in the same period last year.

Net profit (after tax) also saw a significant rise, reaching Rs 599 crore, compared to Rs 137 crore in the corresponding period last year. This marks the highest nine-month profit in the company's history.

Shares of the company rose 41.69% in the last year and outperformed its sector by 6.9%. Meanwhile, the stock has offered 108% returns over the past five years. According to Trendlyne, Voltas has outperformed its sector, Nifty50, and Sensex in one-year returns, but underperformed its industry.

Voltas Ltd., incorporated in 1954, is a large-cap company with a market capitalization of Rs 48,775.72 crore, operating in the consumer durables sector. The company is part of the Tata Group and, in addition to room air conditioners, also produces and sells air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration, and commercial air conditioning products.