Voltas
1,261.00
-30.50(-2.36%)
Market Cap₹42,733.80 Cr
PE Ratio50.72
Company Performance:
1D-2.36%
1M-0.71%
6M-27.46%
1Y-14.67%
5Y+129.82%
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Latest news about Voltas
Voltas Reports 20-25% Decline in Room AC Sales for April and May 2 days ago
Voltas Limited, a major air conditioning and engineering solutions provider, has reported a 20-25% decrease in room air conditioner sales volumes for April and May. The company disclosed this information during a recent conference call update. While specific reasons for the decline were not provided, potential factors could include weather conditions, economic pressures, market competition, or supply chain issues. This sales downturn may impact Voltas' revenue, profitability, and market position in the competitive air conditioning industry.
Voltas Reports Impressive Q4 Results: Net Profit Doubles, Revenue Surges May 08, 2025
Voltas Q4 Profit Doubles to ₹241.00 Crore, Misses Estimates; Declares ₹7.00 Dividend May 07, 2025
Voltas Ltd Sets Date for Q4 and FY2025 Results, Board to Consider Dividend May 05, 2025
Voltas Set to Benefit from Potential Easing of BIS Norms Apr 22, 2025
More news about Voltas
18Apr 25
Voltas Ltd Faces ₹24.81 Crore Customs Duty Underpayment Allegation
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.
Voltas
1,261.00
-30.50
(-2.36%)
1 Year Returns:-14.67%
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