India's Voltas rises on Q4 profit jump

Voltas

08/05/2025 08:23

** Shares of air conditioner maker Voltas VOLT.NS up 0.5%, after rising as much as 3.5% earlier

** Co reports Q4 net profit of 2.41 bln rupees ($28.4 mln), up more than 100% y/y

** Rev up 13.4% to 47.68 bln rupees, helped by a 17% rise in unitary cooling products segment

** Stock on track to snap 2 weeks of losses; gained 3% so far this week

** More than 4.8 mln shares traded as of 12:44 p.m. IST, 2.4x their 30-day moving avg

** Mean rating of stock is 'buy'; their median PT is 1,520 rupees - data compiled by LSEG

** Stock trims YTD losses to 30.5%

($1 = 84.8900 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))