Voltas’ Robust Performance Continues In Q3: Dolat Capital

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Dolat Capital Report

Voltas Ltd.’s Q3 results, ahead of estimates, saw a strong performance of room air conditioner continuing with 43% volume growth, double-digit Ebit margins and continuing leadership with market share at 26%.

Overall profit after tax could have been better but for the mix in projects business which also saw time-based provisions.

The board has approved a restructuring of its business into business-to-consumer and business-to-business.

We view this as a long term positive when it happens as it gets a sharper focus on the durables business.

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