Voltas Ltd (VOLTAS)

Voltas Reports Strong Financial Results for March 2024 Quarter - 17 May, 2024

Voltas Ltd reports a YoY increase of 35.74% in net sales, with quarterly net profit up by 21.53%. The company's EPS has also increased from Rs. 4.73 to Rs. 5.75. Voltas shares have given returns of 60.18% over the last 6 months and 62.97% over the last 12 months.

Voltas AC Model with 5-Star Energy Rating and Inverter Technology Launched - 16 May, 2024

Voltas has launched a new window AC model with a 5-star energy rating, inverter technology, dust filter, LED display, sleep mode, and turbo cooling. Priced at Rs. 34,899, the AC is designed to be efficient, power-saving, and effective in keeping small dust particles out of the room.

Voltas Stock Trades Up Amidst Scarcity Concerns - 14 May, 2024

Voltas Ltd's stock trades slightly up amidst concerns over product scarcity due to high demand from scorching temperatures. ICICI Securities raises earnings forecast while maintaining HOLD rating.

Prabhudas Lilladher Recommends Holding Voltas with Revised Target Price - 13 May, 2024

Voltas reported strong revenue growth of 42.1% YoY across segments, sustained market share in RAC segment, and robust volume growth (+72% YoY) in Q4FY24. Prabhudas Lilladher recommends holding the stock with a revised target price of Rs 1241 based on expected healthy vol. growth in RAC/UCP and EMPS business, despite lower margins than expectations.

Mixed Views on Voltas After Muted Performance - 09 May, 2024

Voltas reported Q4 results with revenue beating expectations at Rs 4202.88 crore, up 42.14% YoY. Citigroup maintained buy rating with raised target price while Motilal Oswal has buy call with target price of Rs 1590. However, Kotak Institutional Equities gave sell tag with fair value of Rs 930.

Voltas Q4 Net Profit Declines 22.8% - 08 May, 2024

Voltas Ltd's Q4FY24 net profit declined by 22.8% YoY to Rs 110.6 crore, causing shares to plummet by 9%. Despite the decline in net profit, consolidated revenue from operations increased by 42.1% YoY to Rs 4,202.9 crore. Brokerages hold mixed views on the stock.

Voltas Reports Decline in Q4FY24 Net Profit - 07 May, 2024

Voltas Ltd's Q4FY24 net profit declined by 19-22.8% YoY to Rs.110.6 crore, missing analysts' estimates, while revenue from operations rose 28-42.1% YoY to Rs.3,789-4,203 crore. The company recommended a dividend of Rs.5 per share for FY23-24.

Symphony Lags Behind Air Conditioning Companies Amid Intense Competition - 06 May, 2024

While air conditioning companies like Blue Star, Voltas, and Epack Durable have gained 12-24% returns due to soaring temperatures in India, Symphony, a leader in the air cooler category, has only gained 2%. This is due to declining profitability caused by intense competition.

Voltas Launches 1.5 Ton Inverter Split AC - 03 May, 2024

Voltas has launched a new 1.5 ton inverter split AC with adaptable cooling and variable speed compressor for efficient operation.

Voltas Achieves Record-Breaking Performance in April 2024 - 02 May, 2024

Voltas Ltd, a leading air conditioner manufacturer, achieved its best April performance since its 1997 listing, gaining over 33% and fetching returns of over 85% on a CYTD basis for 2024. The company sold over 2 million AC units during FY24, marking a growth of 35%, with an even stronger 72% YoY growth in the exit quarter of the previous fiscal. Analysts expect margin improvement for the company.

Voltas Ltd Stock Trades 0.51% Up - 30 Apr, 2024

Shares of Voltas Ltd traded 0.51% up at Rs 1474.1, with a trading volume of 18,969 shares. The MACD signalled a bullish bias on the counter. For Q3 FY23, the company reported consolidated sales of Rs 2683.61 crore, up 13.53% from the previous quarter and net loss of Rs 30.41 crore.

Voltas Stock Receives Buy Call from Motilal Oswal and UBS - 25 Apr, 2024

Motilal Oswal has maintained a buy call on Voltas stock with a revised price target of INR1,650 per share. The EPS estimates have been raised for FY24/FY25/FY26, and the company is expected to deliver EPS CAGR of 72% over FY24-26. UBS also upgraded the stock recommendation to buy from neutral on robust growth prospects.

Voltas Stock Upgraded by UBS After Strong Revenue Growth - 22 Apr, 2024

Brokerage firm UBS has upgraded Tata Group's Voltas Ltd. to buy and raised its price target by over 100%. The revised price target factors in potential market share gains and values the cooling segment at 55x 12-month forward earnings. Shares have rallied 26% this month.

Voltas Pursuing Growth Despite Low ROCE - 18 Apr, 2024

Voltas has an ROCE of 8.1%, underperforming the industry average of 14%. However, with increased capital and revenue, the company is pursuing growth despite short-term returns. If successful, this could lead to long-term stock performance. The high ratio of current liabilities to total assets at 41% may be a concern.