Voltas shares up 7.18% as Nifty drops

NEW DELHI: Shares of Voltas Ltd. traded 7.18 per cent up in Monday's trade at 10:00AM (IST). Around 120,193 shares changed hands on the counter.

The counter opened at Rs 1502.9 and touched an intraday high and low of Rs 1563.0 and Rs 1465.8, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1563.0 and a 52-week low of Rs 794.15.

Total market cap of the Voltas Ltd. stood at Rs 50304.41 crore at the time of writing this report.

Voltas Key Financials

The company reported consolidated sales of Rs 4257.3 crore for the quarter ended 31-Mar-2024, up 58.64 per cent from previous quarter's Rs 2683.61 crore and up 41.75 per cent from the year-ago quarter's Rs 3003.46 crore.

The net profit for latest quarter stood at Rs 116.44 crore, down 19.09 per cent from the same quarter a year ago.

Voltas shareholding pattern

As of 30-Jun-2024, DIIs held 25.34 per cent stake in the company, while foreign institutional investors held 15.08 per cent and the promoters 30.3 per cent.

Voltas valuation ratio

According to BSE data, the stock traded at a P/E multiple of 199.62 and a price-to-book ratio of 6.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Voltas Ltd. belongs to the Air Conditioners industry.