Voltas Q2 Results Live : Voltas has declared its Q2 results for the fiscal year 2024 on October 29, revealing a remarkable year-on-year growth in profit. The company reported a profit increase of 265.29%, driven by a topline revenue increase of 14.23%.
However, when compared to the previous quarter, Voltas faced significant challenges, with revenue declining by 46.78% and profit decreasing by 59.91%. This stark contrast highlights the volatility in the company's performance.
The company's Selling, General & Administrative expenses saw a rise of 17.74% quarter-over-quarter and an increase of 22.47% year-over-year, indicating rising operational costs that could impact future profitability.
Operating income was also affected, showing a decline of 64.48% compared to the previous quarter, but reflecting an impressive increase of 148.81% year-over-year, illustrating the company's ability to rebound over a longer time frame.
Earnings per share (EPS) for Q2 stood at ₹4.05, which represents a substantial year-on-year increase of 264.86%. This figure underscores Voltas' strong profit generation relative to its shares outstanding.
Despite the positive yearly growth, Voltas has recorded a -1.34% return over the last week, though it boasts a 20.06% return over the last six months and an impressive 80.98% year-to-date return.
As of the latest data, Voltas holds a market capitalization of ₹58,586.45 crore, with a 52-week high of ₹1,944.90 and a low of ₹811.15, reflecting significant stock price fluctuations over the year.
The analyst sentiment surrounding Voltas is mixed; out of 34 analysts covering the company, 3 have given a Strong Sell rating, 6 have rated it as Sell, 8 have a Hold rating, 11 have a Buy rating, and 6 have issued a Strong Buy rating. The consensus recommendation as of October 30, 2024, is to Hold, indicating cautious optimism among market experts.
Voltas Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2619.11 | 4921.02 | -46.78% | 2292.75 | +14.23% |
| Selling/ General/ Admin Expenses Total | 238.16 | 202.27 | +17.74% | 194.47 | +22.47% |
| Depreciation/ Amortization | 16.43 | 13.43 | +22.34% | 11.68 | +40.67% |
| Total Operating Expense | 2473.33 | 4510.65 | -45.17% | 2234.16 | +10.71% |
| Operating Income | 145.78 | 410.37 | -64.48% | 58.59 | +148.81% |
| Net Income Before Taxes | 205.43 | 451.52 | -54.5% | 84.96 | +141.8% |
| Net Income | 133.99 | 334.23 | -59.91% | 36.68 | +265.29% |
| Diluted Normalized EPS | 4.05 | 10.1 | -59.9% | 1.11 | +264.86% |
FAQs
What is the Q2 profit/Loss as per company?
₹133.99Cr
What is Q2 revenue?
₹2619.11Cr
