Consolidated net sales (including other operating income) of Voltas for the quarter ended Jun 2022 has increased 55.05% to Rs 2768 crore. Sales of Electro - Mechanical Projects and services segment has gone down 33.95% to Rs 454.69 crore (accounting for 16.59% of total sales). Sales of Engineering Products and services segment has gone up 8.06% to Rs 124.33 crore (accounting for 4.54% of total sales). Sales of Unitary Cooling Products for comfort and commercial use segment rose 124.50% to Rs 2,162.20 crore (accounting for 78.88% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 9.72% to Rs 204.62 crore. PBIT of Electro - Mechanical Projects and services reported loss of Rs 12.47 crore compared to profit of Rs 30.58 crore. PBIT of Engineering Products and services segment rose 34.24% to Rs 50.85 crore (accounting for 24.85% of total PBIT). PBIT of Unitary Cooling Products for comfort and commercial use segment rose 40.85% to Rs 166.24 crore (accounting for 81.24% of total PBIT). PBIT margin of Electro - Mechanical Projects and services segment fell from 4.44% to 2.74%. PBIT margin of Engineering Products and services segment rose from 32.92% to 40.90%. PBIT margin of Unitary Cooling Products for comfort and commercial use segment fell from 12.26% to 7.69%. Overall PBIT margin fell from 10.56% to 7.46%. Operating profit margin has declined from 7.61% to 6.32%, leading to 28.88% rise in operating profit to Rs 174.99 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.53% to 46.44%. Purchase of finished goods cost rose from 20.88% to 30.81%. Employee cost decreased from 8.47% to 6.04%. Other expenses fell from 12.32% to 9.68%. Other income fell 64.32% to Rs 26.75 crore. PBIDT fell 4.28% to Rs 201.74 crore. Provision for interest rose 13.71% to Rs 3.98 crore. PBDT fell 4.58% to Rs 197.76 crore. Provision for depreciation fell 24.62% to Rs 6.49 crore. Profit before tax down 3.71% to Rs 191.27 crore. Share of profit/loss was 1.24% lower at Rs -30.95 crore. Provision for tax was expense of Rs 50.8 crore, compared to Rs 45.63 crore. Effective tax rate was 31.69% compared to 27.15%. Net profit attributable to owners of the company decreased 10.61% to Rs 108.88 crore. Promoters’ stake was 30.30% as of 30 June 2022 ,compared to 30.30% as of 30 June 2021 .
| Voltas : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 2,768.00 | 1,785.20 | 55.05 | 7,934.45 | 7,555.78 | 5.01 | | OPM (%) | 6.32 | 7.61 | -128 bps | 8.59 | 8.49 | 10 bps | | OP | 174.99 | 135.78 | 28.88 | 681.55 | 641.36 | 6.27 | | Other Inc. | 26.75 | 74.97 | -64.32 | 189.19 | 188.86 | 0.17 | | PBIDT | 201.74 | 210.75 | -4.28 | 870.74 | 830.22 | 4.88 | | Interest | 3.98 | 3.50 | 13.71 | 25.87 | 26.15 | -1.07 | | PBDT | 197.76 | 207.25 | -4.58 | 844.87 | 804.07 | 5.07 | | Depreciation | 6.49 | 8.61 | -24.62 | 37.26 | 33.89 | 9.94 | | PBT | 191.27 | 198.64 | -3.71 | 807.61 | 770.18 | 4.86 | | Share of Profit/(Loss) from Associates | -30.95 | -30.57 | -1.24 | -110.31 | -60.97 | -80.93 | | PBT before EO | 160.32 | 168.07 | -4.61 | 697.3 | 709.21 | -1.68 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 160.32 | 168.07 | -4.61 | 697.3 | 709.21 | -1.68 | | Taxation | 50.8 | 45.63 | 11.33 | 191.3 | 180.42 | 6.03 | | PAT | 109.52 | 122.44 | -10.55 | 506 | 528.79 | -4.31 | | Minority Interest (MI) | 0.64 | 0.64 | 0 | 1.91 | 3.65 | -47.67 | | Net profit | 108.88 | 121.8 | -10.61 | 504.09 | 525.14 | -4.01 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 108.88 | 121.8 | -10.61 | 504.09 | 525.14 | -4.01 | | EPS (Rs)* | 3.29 | 3.68 | -10.61 | 15.23 | 15.87 | -4.01 | | | * EPS is on current equity of Rs 33.09 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Voltas : Consolidated Segment Results | | | Quarter ended | Year ended |
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| % of (Total) | 202206 | 202106 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
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| Sales | | Electro - Mechanical Projects and services | 16.59 | 454.69 | 688.42 | -33.95 | 31.51 | 2,470.49 | 2,878.60 | -14.18 | | Engineering Products and services | 4.54 | 124.33 | 115.06 | 8.06 | 6.23 | 488.66 | 359.49 | 35.93 | | Unitary Cooling Products for comfort and commercial use | 78.88 | 2,162.20 | 963.11 | 124.50 | 62.26 | 4,881.92 | 4,218.46 | 15.73 | | Total Reported Sales | 100.00 | 2,741.22 | 1,766.59 | 55.17 | 100.00 | 7,841.07 | 7,456.55 | 5.16 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 2,741.22 | 1,766.59 | 55.17 | 100.00 | 7,841.07 | 7,456.55 | 5.16 | | PBIT | | Electro - Mechanical Projects and services | -6.09 | -12.47 | 30.58 | PL | 15.78 | 125.77 | 27.01 | 365.64 | | Engineering Products and services | 24.85 | 50.85 | 37.88 | 34.24 | 19.81 | 157.90 | 114.31 | 38.13 | | Unitary Cooling Products for comfort and commercial use | 81.24 | 166.24 | 118.03 | 40.85 | 64.41 | 513.40 | 583.70 | -12.04 | | Total PBIT | 100.00 | 204.62 | 186.49 | 9.72 | 100.00 | 797.07 | 725.02 | 9.94 | | Less : Interest | | 3.98 | 3.50 | 13.71 | | 25.87 | 26.15 | -1.07 | | Add: Other un-allcoable | | -40.32 | -14.92 | -170.24 | | -73.90 | 10.34 | PL | | PBIT Margin(%) | | Electro - Mechanical Projects and services | | -2.74 | 4.44 | -718.46 | | 5.09 | 0.94 | 415.26 | | Engineering Products and services | | 40.90 | 32.92 | 797.73 | | 32.31 | 31.80 | 51.50 | | Unitary Cooling Products for comfort and commercial use | | 7.69 | 12.26 | -456.66 | | 10.52 | 13.84 | -332.04 | | PBT | 100.00 | 160.32 | 168.07 | -4.61 | 100.00 | 697.30 | 709.21 | -1.68 |
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