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India's Voltas posts rise in Q1 profit on surge in AC sales
Sommario：Aug 11 (Reuters) - Tata Group company Voltas (VOLT.NS) reported nearly a 19% rise in first-quarter p
Aug 11 (Reuters) - Tata Group company Voltas (VOLT.NS) reported nearly a 19% rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers.
Consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier.
Income from operations rose nearly 22% to 33.35 billion rupees.
Its mainstay unitary cooling products segment, which makes goods such as air conditioners, coolers and purifiers, reported a 16% rise in revenue and a 15% increase in volume growth.
Earlier, rivals Blue Star (BLUS.NS) and Havells India (HVEL.NS) also posted a rise in their quarterly earnings.
Voltas shares closed down 0.98% at 828.55 rupees ahead of the results.
($1 = 82.8070 Indian rupees)
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