Tata Group Volta’s Q3 results: Net profit at Rs 87.95 crore
Tata Group Volta’s Q3 results: Net profit at Rs 87.95 crore:
Tata Group Volta’s:
Tata group volta’s air conditioning limited on Friday reported a 12.64% increase. Added to its consolidated net profit at Rs 87.95 crore in Q3 ended in December.
“The company posted a consolidated net profit of Rs 78.08 crore in the same quarter of last year”, Voltas said.
“The revenues during the previous year stood at Rs 1,492.51 crore as against Rs 1,491.78 crore”, the company said.
The voltas company also mentioned, about the cooling products segment increased by 14% at Rs 601 crore as compared to Rs 526 crore in the same quarter previous year.
Air coolers and other products also seen an increase in transactions and healthy growth.
The electro-mechanical projects segment had a revenue of Rs 808 crore against Rs 875 crore in the previous year.
Carry forward order book segment was higher at Rs 7,024 crore, including major orders book in water projects as compared to Rs 4,994 crore in the corresponding quarter last year, Voltas said.
Engineering products and service segment revenue remain unchanged at Rs 83 crore against the previous year.
The company said it continues to hold No1 position in the air conditioning business with a market share of 24.3%.