Voltas reports 51% fall in Q1 consolidated net profit
17th Aug 2020

Voltas has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 30.05% in its net profit at Rs 102.86 crore for the quarter under review as compared to Rs 147.05 crore for the same quarter in the previous year. Total income of the company decreased by 48.52% at Rs 1,330.22 crore for Q1FY21 as compared Rs 2,584.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 50.87% in its net profit attributed to shareholders at Rs 81.15 crore for the quarter under review as compared to Rs 165.18 crore for the same quarter in the previous year. Total income of the company decreased by 49.42% at Rs 1,364.34 crore for Q1FY21 as compared Rs 2,697.27 crore for the corresponding quarter previous year.