India's Voltas posts profit in Q3 on strong festive demand

Voltas

29/01/2025 12:33

Jan 29 (Reuters) - India's Voltas  VOLT.NS  posted a profit in the third quarter on Wednesday, compared to a loss
a year earlier, helped by higher demand for household appliances during the festive period.
    The company, which makes air conditioners and coolers, reported a consolidated net profit of 1.32 billion rupees
($15.3 million) for the quarter ended Dec. 31, compared to a loss of 304.1 million rupees a year ago.
    Voltas' revenue from operations rose 18% to 30.87 billion rupees.
    For further earnings highlights, (click here).
    
KEY CONTEXT 
    Indian consumers tend to buy more household products during the festive period, which coincides with the
October-December quarter.
    However, some manufacturers of consumer electrical goods have faced challenges due to fluctuating commodity prices and
heightened competition, pressuring their profit margins.
    Peer Polycab  POLC.NS   VGUA.NS  missed profit estimates for the quarter as its wires business was impacted by
commodity price fluctuations.
    
PEER COMPARISON 
    
                                    Valuation (next 12      Estimates (next 12          Analysts' sentiment           
                                          months)                months)                                          
                           RIC      PE    EV/EBI  Price/   Revenue      Profit     Mean     # of      Stock to      Div
                                           TDA    Sales   growth (%)  growth (%)  rating*  analyst     price       yield
                                                                                              s       target**      (%)
 Voltas                  VOLT.NS   41.66  33.40    2.53     16.06       37.18      Hold      33         0.82        0.38
 Havells India           HVEL.NS   52.61  35.80    3.94     14.91       23.09       Buy      24         0.81        0.67
 Crompton Greaves        CROP.NS   31.64  21.56    2.39     12.36       25.92       Buy      32         0.71        0.88
 Consumer Electricals                                                                                             
 Polycab India           POLC.NS   37.87  25.94    3.36     18.01       19.00       Buy      26         0.76        0.53
 
OCTOBER-DECEMBER STOCK PERFORMANCE
    
 
   
    
-- All data from LSEG 
-- $1 = 86.5330 Indian rupees

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Voltas Oct-Dec stock performance    https://tmsnrt.rs/42zhjin
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 (Reporting by Ashna Teresa Britto; Editing by Sonia Cheema)
 ((AshnaTeresa.Britto@thomsonreuters.com;))