In early Monday trade, the price of Volta’s shares increased by over 9% following the company’s better-than-expected Q1 earnings. Voltas reported a 160% increase in net profit at ₹335 crore. Compared to the similar quarter of previous year, which ended on June 30, 2024, the Consolidated Total Income increased by 46% to Rs. 5,001 crores.
Profit before tax increased by 123% to Rs. 452 crores, the company’s highest quarterly profit ever. This demonstrated the company’s ability to boost investor confidence in the Voltas share price.
Voltas reported a net profit of ₹335 crore, above expert expectations. Motilal Oswal Financial Services estimated Voltas’ net profit at ₹190 crore, with the Unitary Cooling Products sector likely to expand by 27.5%. Centrum Broking projected Voltas to generate a net profit of ₹237 crore.
As of 10:36 am, Voltas shares were trading 9.36% higher at Rs 1,562.55 on the NSE.
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