Tata Group
The profit of a Tata Group company, one of Ratan Tata’s favorite companies, has tripled. The company made a profit of Rs 132.83 crore in the July-September quarter. Compared to last year, sales of one of the company’s products increased by 56 percent, causing a huge increase in its profits.
This company is Tata Group’s Voltas, which manufactures air conditioners. This company is dedicated to the installation of air conditioning plants ranging from personal to commercial use. Voltas’ consolidated net profit increased 3 times in the July-September quarter compared to last year and the company’s air conditioning sales increased by 56 percent in volume terms.
What do the profit figures say?
In the information submitted to the stock market, Voltas Limited said the company’s consolidated net profit in the July-September quarter last year was Rs 35.65 crore. During this period, Voltas’ operating income rose 14.23 per cent to Rs 2,619.11 crore, up from Rs 2,292.75 crore in the year-ago period.
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Voltas’ total expenses rose 10.74 per cent to Rs 2,486.89 crore in July-September. Voltas’ total revenue, including other income, rose 16.53 per cent to Rs 2,754.58 crore in the July-September quarter.
Voltas Limited sales increased in summer
If you look at the total sales of Voltas Limited, they have witnessed a growth of 45 percent in the second quarter of the current financial year. This year, due to the slightly longer duration of summer, the company’s air conditioning sales have seen growth of more than 50 percent. At the same time, sales of the company’s home appliance brand ‘Voltas Beko’ also increased during this period. The company’s shares closed at Rs 1,770.50 on Tuesday.
