Friday, October 29, 2021

Voltas net profit jumps 30% yoy | Stock Analysis & Outlook

     


Voltas net profit jumps 30% yoy at Rs104cr in Q2; Stock soars over 3%

The consolidated total income for the quarter ended September 30, 2021, was higher by 5% at Rs1737cr.


The consolidated total income for the quarter ended September 30, 2021, was higher by 5% at Rs1737cr as compared to Rs1651cr in the corresponding quarter last year. Profit before tax (PST) was higher by 24%, at Rs143cr as compared to Rs115cr in the corresponding quarter last year.

Net Profit (after tax) has increased by 30%, at Rs104cr as compared to Rs80cr in the corresponding quarter last year. Earnings per Share (Face Value per share of Re. 1) (not annualized) as of September 30, 2021, was also higher at Rs3.13 compared to Rs2.37 last year.

The Consolidated Total Income for the six months period ended September 30, 2021, was higher by 19% at Rs3598cr as compared to Rs3015cr in the corresponding period last year. Profit before tax was higher by 39% at Rs311cr as compared to Rs223cr last year. Profit after tax was higher by 41 % at Rs227cr as against Rs161cr in the corresponding period last year. Earnings per Share (Face Value per share of Re. 1) (not annualized) as at September 30, 2021 was higher by 41 % at Rs6.81 as compared to Rs4.82 last year.


Outlook

Strong long term outlook . 1151- 1102 is good support zone. Stock can be also accumulated for the levels of 1378 in short term.


Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


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