The leading air conditioning and engineering solutions provider in India has showcased remarkable financial resilience in its latest quarterly results. The upcoming report delves into the company’s impressive 18.2% revenue growth, successful turnaround to profitability, and significant leadership changes as its long-standing CEO announces his departure after a transformative tenure.
Share Price Movement
The share price of Voltas Limited went down by 13.1 percent to Rs. 1,430 per share on Thursday, a decline from its previous close of Rs. 1,474.10 per share. The market capitalisation now stands at approximately Rs. 43,101 crore as of January 30, 2025.
What Happened
Pradeep Bakshi, the Managing Director and CEO of Voltas Limited, has announced he will step down after his term ends on August 31, 2025, as he has decided not to seek reappointment. Under his leadership, the company experienced growth and profitability, including a Rs. 132 crore profit for Q3 FY25, recovering from last year’s loss.
Q3 – Financial Highlights
In Q3FY25, the company reported revenue of Rs. 3,105 crore, showing a 19% YoY growth from Rs. 2,619 crore in Q3FY24 and an 18% QoQ increase from Rs. 2,626 crore in Q2FY25. Profit for Q3FY25 stood at Rs. 131 crore, slightly down 1% YoY from Rs. 133 crore in Q3FY24 but a strong turnaround from a loss of Rs. 28 crore in Q2FY25.
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Competitors
Top competitors of Voltas Ltd. in the Indian market include Blue Star Ltd., Amber Enterprises India Ltd., Johnson Controls-Hitachi Air Conditioning India Ltd., Dixon Technologies (India) Ltd., and Havells India Ltd.
Voltas has a P/E of 57.96, which is lower than the industry P/E of 78.
Market Outlook
The Indian consumer durables industry is experiencing strong growth, driven by rising demand for products like air conditioners, refrigerators, and LED lights. With market projections reaching over USD 21 billion by 2025, factors like increased local manufacturing, premium product preferences, and technological advancements like AI and IoT are key drivers.
A shift toward e-commerce, energy-efficient appliances, and a focus on health and wellness are also shaping the industry’s future, alongside the availability of financing options and improved power supply.
Written By Fazal Ul Vahab C H
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