Voltas' stock surged over 12 per cent on Monday, after the air-conditioning equipment major reported a strong performance for March quarter (Q4). The better-than-expected results were announced on Friday evening.
The company’s Unitary Cooling Products (UCP) or Consumer segment posted a strong 20 per cent year-on-year growth despite lockdown impacting sales during the latter part of March. Profit margin, too, was strong at 14.6 per cent. The company said based on sales at multi-brand outlets, Voltas maintained its market leadership in room air conditioners with its share ...
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First Published: Mon, June 01 2020. 20:09 IST
