2 weeks Ago
Voltas Q2 Results Live : Voltas has declared its Q2 results for the fiscal year 2024 on October 29, revealing a remarkable year-on-year growth in profit. The company reported a profit increase of 265.29%, driven by a topline revenue increase of 14.
23%. However, when compared to the previous quarter, Voltas faced significant challenges, with revenue declining by 46.78% and profit decreasing by 59.
91%. This stark contrast highlights the volatility in the company's performance. The company's Selling, General & Administrative expenses saw a rise of 17.
74% quarter-over-quarter and an increase of 22.47% year-over-year, indicating rising operational costs that could impact future profitability. Operating income was also affected, showing a decline of 64.
48% compared to the previous quarter, but reflecting an impressive increase of 148.81% year-over-year, illustrating the company's ability to rebound over a longer time frame. Earnings per share (EPS) for Q2 stood at ₹ 4.
05, which represents a substantial year-on-year increase of 264.86%. This figure underscores Voltas' strong profit generation relative to its shares outstanding.
Despite the positive yearly growth, Voltas has recorded a -1.34% return over the last week, though it boasts a 20.06% return over the last six months and an impressive 80.
98% year-to-date return. As of the latest data, Voltas holds a market capitalization of ₹ 58,586.45 crore, with a 52-week high of ₹ 1,944.
90 and a low of ₹ 811.15, reflecting significant stock price fluctuations over the year. The analyst sentiment surrounding Voltas is mixed; out of 34 analysts covering the company, 3 have given a Strong Sell rating, 6 have rated it as Sell, 8 have a Hold rating, 11 have a Buy rating, and 6 have issued a Strong Buy rating.
The consensus recommendation as of October 30, 2024, is to Hold, indicating cautious optimism among market experts. Voltas Financials.
