Voltas spurts over 8% on robust Q4 numbers
Shares of Voltas surged over 8% in opening trade on Friday after the company reported near 3% rise in consolidated net profit at Rs 103.81 crores.
By ET Online | Updated:
NEW DELHI: Shares of Voltas Ltd surged over 8 percent in opening trade Friday after the Tata Group firm reported a near 3 percent increase in consolidated net profit after minority interest at Rs 103.81 crore for the quarter ended March 31, 2012, compared to Rs 101.04 crore for the quarter ended March 31, 2011.
At 10:20 a.m., the company’s shares were trading 7.9 percent higher at Rs 97.60. The scrip touched an intraday high of Rs 99.20 and a low of Rs 91.
Total income decreased to Rs 1,591.89 crore for the quarter ended March 31, 2012, from Rs 1,690.63 crore in the year ago period.
The Voltas board recommended dividend of Rs 1.60 per share on a face value of Re 1 per share for the year 2011-12.
At 10:20 a.m., the company’s shares were trading 7.9 percent higher at Rs 97.60. The scrip touched an intraday high of Rs 99.20 and a low of Rs 91.
Total income decreased to Rs 1,591.89 crore for the quarter ended March 31, 2012, from Rs 1,690.63 crore in the year ago period.
The Voltas board recommended dividend of Rs 1.60 per share on a face value of Re 1 per share for the year 2011-12.
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