Voltas Q3 PAT jumps 46% YoY to Rs 128 cr : vimarsana.com

Voltas Q3 PAT jumps 46% YoY to Rs 128 cr


On a consolidated basis, Voltas' net profit jumped 46.2% to Rs 128.64 crore on 32.5% rise in revenue from operations to Rs 1970 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax jumped 39% year on year to Rs 165.84 crore in Q3 FY21 from Rs 119.3 crore in Q3 FY20. Total tax expense spiked 18.5% year on year to Rs 37.2 crore in Q3 FY21.
The company's cooling products business made good recovery, post easing of the lockdown situation and achieved a record overall volume growth of 40% to Rs 840 crore, contributed by 43% increase in the sales volume of room Air conditioners (ACs), 100% in commercial refrigeration products and 11% in Air Coolers. Voltas continues to be the market leader and is at No.1 position in ACs with a YTD market share of 26% in December 2020. Segment revenue increased by 40% and was at Rs 840 crore as compared to Rs 601 crore in the corresponding quarter last year.

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