Voltas announced that the Annual General Meeting (AGM) of the company will be held on 10 July 2024.Powered by Capital Market - Live News

Voltas announced that the Board of Directors of the Company at its meeting held on 7 May 2024, inter alia, have recommended the final dividend of Rs 5.5 per equity Share (i.e. 550%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Voltas declined 19.09% to Rs 116.44 crore in the quarter ended March 2024 as against Rs 143.92 crore during the previous quarter ended March 2023. Sales rose 42.75% to Rs 4192.30 crore in the quarter ended March 2024 as against Rs 2936.76 crore during the previous quarter ended March 2023.For the full year,net profit rose 86.65% to Rs 252.00 crore in the year ended March 2024 as against Rs 135.01 crore during the previous year ended March 2023. Sales rose 32.00% to Rs 12407.36 crore in the year ended March 2024 as against Rs 9399.37 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales4192.302936.76 43 12407.369399.37 32 OPM %3.636.47 -2.714.81 - PBDT185.89224.22 -17 533.39590.58 -10 PBT174.08213.84 -19 485.80550.96 -12 NP116.44143.92 -19 252.00135.01 87 Powered by Capital Market - Live News

Voltas will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Voltas achieved the landmark of highest ever AC sales in FY 2023-24. The Company achieved over 2 million AC units during this fiscal 2023-24, the highest ever sale of ACs by any brand in a financial year in India, with a volume growth of 35%. The performance was attributed to a consistent demand for cooling products during the year, coupled with the company`s strong offline and online distribution network, strongest brand equity, and innovative new launches.Powered by Capital Market - Live News