Latest News | Voltas Shares Tumble Nearly 10 Pc After March Quarter Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of air conditioning and engineering services company Voltas Ltd tumbled nearly 10 per cent in early trade on Friday after the firm reported a 23.46 per cent decline in its consolidated net profit in the fourth quarter ended March 2022.
New Delhi, May 6 (PTI) Shares of air conditioning and engineering services company Voltas Ltd tumbled nearly 10 per cent in early trade on Friday after the firm reported a 23.46 per cent decline in its consolidated net profit in the fourth quarter ended March 2022.
The stock tanked 9.77 per cent to Rs 1,045 on the BSE.
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At the NSE, it tumbled 9.71 per cent to Rs 1,045.
Voltas Ltd on Thursday reported a 23.46 per cent decline in its consolidated net profit at Rs 182.71 crore in the fourth quarter ended March 2022.
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The Tata group firm had posted a consolidated net profit of Rs 238.72 crore in the January-March quarter last fiscal, Voltas said in a regulatory filing.
Total income stood at Rs 2,703.78 crore during the period under review, marginally up 0.76 per cent against Rs 2,683.24 crore in the corresponding period of the preceding fiscal.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)