Buy Voltas, target price Rs 1000: Motilal Oswal

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 27086.22 Crore) operating in Consumer Durables sector.

By ETMarkets.com | Updated: Oct 23, 2023, 11.24 AM IST

Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.

Motilal Oswal has buy call on Voltas Ltd. with a target price of Rs 1000. The current market price of Voltas Ltd. is Rs 812.45.

Voltas Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 27086.22 Crore) operating in Consumer Durables sector.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2363.73 Crore, down -31.08 % from last quarter Total Income of Rs 3429.83 Crore and up 28.97 % from last year same quarter Total Income of Rs 1832.74 Crore. Company reported net profit after tax of Rs 68.81 Crore in latest quarter.

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