Voltas reported a 108% increase in Q4 net profit to ₹241.00 crore, with revenue rising 13.4% to ₹4,768.00 crore. EBITDA grew 74.6% to ₹332.80 crore, and operating margin expanded to 7.00%. The company declared a dividend of ₹7.00 per share. For FY 2023-24, revenue increased 31.73% to ₹12,734.50 crore, while net profit rose 82.16% to ₹248.10 crore.
05May 25
Voltas Ltd Sets Date for Q4 and FY2025 Results, Board to Consider Dividend
Voltas Ltd will disclose Q4 and FY2025 financial results on May 7, 2025. The board will also consider dividend recommendations. Trading window closure is from March 25, 2025, until 48 hours after results declaration.
22Apr 25
Voltas Set to Benefit from Potential Easing of BIS Norms
The Indian government is considering relaxing Bureau of Indian Standards (BIS) norms specifically for Voltas, a leading air conditioning and engineering solutions company. This potential regulatory shift could streamline Voltas' operations, enhance its competitiveness, and create opportunities for innovation. The move may have broader implications for the consumer appliance industry, raising questions about industry-wide standards and potential similar relaxations for other companies.
Voltas Limited received a Show Cause Notice from customs authorities on April 1, 2025, alleging underpayment of import duties amounting to ₹24.81 crore. The notice, issued by the Office of Commissioner of Customs in Maharashtra, questions why this amount should not be demanded along with interest and penalties. Voltas is currently evaluating the matter and plans to submit a reply within the prescribed time period. The company disclosed this information in a regulatory filing on April 17, 2025, in compliance with SEBI regulations.
13Mar 25
Voltas Restructures International Operations: Transfers Dubai and Abu Dhabi Branches to Subsidiary
Voltas Limited is transferring its Dubai and Abu Dhabi branches to Universal MEP Contracting L.L.C. (UMCL), a step-down wholly owned subsidiary in the UAE. The transfer includes ongoing projects and those under Defects Liability Period, with a consideration between ₹45-70 crore. The transaction is expected to be completed by September 30, 2025. This move is part of Voltas' strategy to streamline international operations. The transferred branches generated ₹270.39 crore in revenue for FY 2023-24, representing 3.11% of Voltas' total revenue. Additionally, Voltas announced K. V. Sridhar as the new CFO effective April 1, 2025, succeeding Jitender Pal Verma.
28Feb 25
Voltas Ltd Completes ₹61.84 Crore Stake Transfer in Saudi Subsidiary; Faces GST Demand
Voltas Ltd has transferred a 92% stake in its Saudi Arabian subsidiary to its Singapore-based step-down subsidiary for ₹61.84 crore. The company has also received a GST demand order of ₹15.32 crore plus a ₹1.53 crore penalty for FY 2020-21 from Uttarakhand authorities, which it plans to appeal.