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20-Oct-2023

Voltas

PBIT down 30% hit by loss at EMP business


'Consolidated net sales (including other operating income) of Voltas for the quarter ended Sep 2023 has increased 29.65% to Rs 2292.75 crore.  Operating profit margin has declined from 5.70% to 3.06%, leading to 30.32% decline in operating profit to Rs 70.27 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 57.27% to 60.97%.   Purchase of finished goods cost fell from 17.71% to 17.27%.   Employee cost decreased from 10.15% to 7.53%.   Other expenses rose from 9.01% to 11.52%.   

Other income rose 10.25% to Rs 70.98 crore.  PBIDT fell 14.51% to Rs 141.25 crore.  Provision for interest rose 69.88% to Rs 11.45 crore.  PBDT fell 18.10% to Rs 129.8 crore.  Provision for depreciation rose 20.41% to Rs 11.68 crore. Profit before tax down 20.61% to Rs 118.12 crore.  

Share of profit/loss was 14.70% lower at Rs -33.16 crore.  Thus PBT befo...



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