Voltas Ltd is in the Consumer Durables sector with the Market Capitalization of worth Rs. 32,711.29 crores, it is incorporated in the year 1954. It has reported consolidated sales of Rs. 1766.59 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500575 and also listed in the National Stock Exchange (NSE) with the code VOLTAS.
Voltas Ltd is an Indian international home appliances company that specializes in air conditioning and cooling technology. Voltas Ltd was incorporated on account of the collaboration between Tata Sons and Volkart Brothers. Voltas supplies a spread of products to its customers like Air Conditioners, Air Coolers, Water Dispensers, Water Coolers, and Commercial Refrigerators. As of 2019, Voltas has emerged as a market leader in room air conditioners. Market share of Voltas Ltd in room air conditioner market exceeds 25%. The company has three manufacturing units in different parts of the country, i.e., Thane in Maharashtra, Union Territory of Dadra, and Pantnagar in Uttaranchal. The company has four overseas offices as well located in UAE, Qatar, Kingdom of Saudi Arabia, and Singapore. The promoters of the company own 30.3% of the stake in the company, Foreign Institutional Investors (FII) own 17.24%, Domestic Institutional Investors (DII) own 34.11% of the stake,
and others (such as public and retail investors) hold the balance of 18.35%.
In June 2021, quarterly net revenue was Rs. 1,461.81 crores, which has increased by approximately 22.33 % from Rs. 1,195.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.33 crores, which has also increased by nearly 18.18% from a net profit of Rs. 113.84 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,309.03 crores, which is also increased by 20.3% as compared to an operating profit of Rs. 1,138.04 crores for the quarter ending in June 2020. From Rs. 3.44 in June 2020, the EPS of Voltas Ltd has risen to Rs. 4.09 per share in June 2021. VOLTAS’s stock closed at Rs. 988.6 on 18th August’2021 (NSE) and has returned -4.21% in the last six months and 57.15% in the previous year.