Voltas Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Voltas Ltd reported a 16.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 17.9%.
- Its expenses for the quarter were up by 18.3% QoQ and 12.1% YoY.
- The net profit decreased 1.6% QoQ and decreased 573.8% YoY.
- The earnings per share (EPS) of Voltas Ltd stood at 4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3164.16 | 2724.58 | 2683.61 | 16.1% | 17.9% |
Total Expenses | 2941.11 | 2486.89 | 2623.67 | 18.3% | 12.1% |
Profit Before Tax | 223.05 | 237.69 | 59.94 | -6.2% | 272.1% |
Tax | 59.87 | 72.60 | 51.45 | -17.5% | 16.4% |
Profit After Tax | 130.76 | 132.83 | -27.60 | -1.6% | -573.8% |
Earnings Per Share | 4.00 | 4.00 | -0.90 | 0.0% | -544.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Voltas Ltd is a prominent company operating in the consumer electronics and home appliances industry. It is renowned for its diverse range of products, including air conditioners, refrigerators, water coolers, and other cooling appliances. The company has a strong market presence in India and has been recognized for its innovation and quality. Voltas is part of the Tata Group, a significant conglomerate in India, which adds to its reputation and market credibility. The company continually seeks to expand its product portfolio and market reach, focusing on technological advancements and customer satisfaction. There are no specific recent major developments available for Voltas Ltd in the data provided.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Voltas Ltd reported a total income of ₹3164.16 crores. This represents a quarter-over-quarter (QoQ) increase of 16.1% from ₹2724.58 crores in Q2FY25, and a year-over-year (YoY) growth of 17.9% compared to ₹2683.61 crores in Q3FY24. The consistent growth in revenue indicates a strong performance in the company's sales activities during this period. The increase in total income can be attributed to various factors, including potential increases in product sales, market expansion, or enhanced service offerings.
Profitability
The profitability metrics of Voltas Ltd for Q3FY25 reveal some significant changes. The company recorded a profit before tax (PBT) of ₹223.05 crores, which shows a decline of 6.2% QoQ from ₹237.69 crores in Q2FY25. However, on a YoY basis, there was a significant increase of 272.1% compared to ₹59.94 crores in Q3FY24. The tax expense for Q3FY25 was ₹59.87 crores, marking a decrease of 17.5% QoQ and an increase of 16.4% YoY. Consequently, the profit after tax (PAT) stood at ₹130.76 crores, experiencing a slight decline of 1.6% QoQ from ₹132.83 crores in Q2FY25. Notably, the PAT showed a remarkable turnaround from a loss of ₹27.60 crores in Q3FY24, highlighting a significant improvement in the company's bottom line over the year.
Operating Metrics
Voltas Ltd reported total expenses of ₹2941.11 crores in Q3FY25, which reflects an 18.3% increase QoQ from ₹2486.89 crores in Q2FY25, and a 12.1% increase YoY from ₹2623.67 crores in Q3FY24. This rise in expenses could be due to increased production costs, higher operational expenses, or investments in growth initiatives. The earnings per share (EPS) remained constant at ₹4.00 for both Q3FY25 and Q2FY25, despite the fluctuations in profitability. The EPS marks a significant improvement from the negative ₹0.90 reported in Q3FY24, indicating recovery in earnings performance. The consistent EPS despite reduced PBT suggests effective cost management or other financial strategies employed by the company to stabilize shareholder returns.
