Voltas Limited reported a sharp decline in its fourth-quarter earnings, with net profit falling 51.8% year-on-year to ₹116.2 crore compared with ₹241 crore in the same period last year.
Despite the drop in profitability, the company posted a modest rise in revenue, which grew 2.5% to ₹4,887.8 crore from ₹4,767.6 crore on a YoY basis.
Operating performance remained under pressure during the quarter, as EBITDA declined 33.7% to ₹220.7 crore, down from ₹332.8 crore in the corresponding quarter of the previous financial year. The contraction in operating profit was also reflected in margins, which narrowed to 4.5% from 7% a year ago.
The decline in margins indicates increased cost pressures and weaker operating leverage during the quarter, even as topline growth remained positive.
Alongside the earnings announcement, the company’s board recommended a dividend of ₹4 per share for shareholders.
The latest financial performance highlights a mixed trend, with revenue growth failing to offset the significant decline in profitability and operating metrics.
Shares of Voltas Limited ended higher on the NSE, closing at ₹1,295.90, up 2.94%.
