VOLTAS
Voltas is one of the largest contributors to the home appliances and consumer electronics industry and the reason behind the continuous growth of this industry is the demand for advanced premium products for a convenient lifestyle. Some of the popular brands in the same industry are Philips, Toshiba, Whirlpool, Bosch, Hitachi and many more. Voltas Limited is an Indian multinational home appliances company specializing in air conditioning and cooling technology and a joint venture of Volkart Brothers & TATA Sons. The company not only helps in developing the infrastructure of the nation but also extend its expert services in the areas of technology, engineering, construction, cooling and ventilation, infrastructure projects, textile mining and manufacturing sectors. Voltas has shown its presence in the Middle East, South East Asia and Africa and in India, it has a stake of 24 % in market share.
The Remote Monitoring and Control Cell (RMC) managed by the customer care business is a clear differentiator in the industry which gives Voltas an edge over the competitors and the existing IoT-based solution that is being developed will provide remote access of equipment to provide enhanced equipment maintenance services to the customer. To cater to the increasing consumer demand and preference for engaging with e-commerce trade partners, Voltas has directly aligned with major e-retailers and offers differentiated products on these platforms, thereby ensuring seamless co-existence of offline and online networks.
In recent times, Tata Steel recognized Voltas West Bokaro team for quality and safety management and also Voltas domestic projects business bagged in the Bangalore metro project. The company has executed the Business Transfer Agreement (BTA) with its wholly-owned subsidiary Universal MEP Projects & Engineering Services Limited (UMPESL) and the transaction is expected to be consummated by end of September 2021 or such other date as may be mutually agreed between the Company and UMPESL.
The Board of Directors has recommended a final dividend of Rs. 5.00 per equity share for the year ended March 2021 and as per the Q4 FY2021 results, Voltas showed an 85.86% sequential growth in consolidated profit against the previous quarter. Similarly, revenue for the company showed a 32.94% increase against the December quarter while PBT grew by 93.47% QoQ and gross profit margin grew by 31.13% QoQ. Also, Earnings per share (EPS) stood at Rs. 7.18 showing an increase of 85.53% against the previous quarter and assets grew by 8.48% against the previous quarter.
The Q4 results of Voltas were prodigious.
