Voltas’ Robust Performance Continues In Q3: Dolat Capital
Air conditioners are displayed in a showroom (Photographer Qilai Shen/Bloomberg)

Voltas’ Robust Performance Continues In Q3: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Voltas Ltd.’s Q3 results, ahead of estimates, saw a strong performance of room air conditioner continuing with 43% volume growth, double-digit Ebit margins and continuing leadership with market share at 26%.

Overall profit after tax could have been better but for the mix in projects business which also saw time-based provisions.

The board has approved a restructuring of its business into business-to-consumer and business-to-business.

We view this as a long term positive when it happens as it gets a sharper focus on the durables business.

Click on the attachment to read the full report:

Dolat Capital Voltas Q3FY21 Result Update.pdf


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