OREANDA-NEWS. August 1, 2011. The Board of Directors of Voltas Limited, a Tata Enterprise, today announced the Unaudited Consolidated Financial Results and Segment Report for the quarter ended June 30, 2011.

Consolidated Results - Highlights

Quarter Ended June 30, 2011

Sales/Income from Operations at Rs1354 crores

Operating Profit at Rs109 crores

Profit before Tax at Rs190 crores

Profit after Tax  at Rs132 crores

EPS (*not annualised) at Rs3.98 on Face Value of  Rs1/-

The Consolidated Sales / Income from Operations for the quarter ended 30th June, 2011 was at Rs1354 crores as compared to Rs1410 crores in the corresponding quarter last year. Operating Profit (Profit before Tax & Exceptional Items) was Rs109 crores as compared to  Rs137 crores in the corresponding quarter last year. As earlier reported, the Company has transferred its Materials Handling business effective 1st May, 2011 and the profit arising therefrom forms part of Exceptional Items.  Profit before Tax higher by 39% at  Rs190 crores as compared to Rs137 crores last year and Net Profit higher by 41% at Rs132 crores as compared to Rs94 crores last year.  Earnings per Share (*not annualised) higher by 41% at  Rs3.98 as compared to Rs2.82 in the corresponding quarter last year (Face Value per share of  Rs1).

Consolidated Segments

Electro-Mechanical Projects and Services Segment Revenue’s were lower at Rs677 crores and the Segment Results were at Rs31 crores. The overall carry-forward order book for the segment as at 30th June, 2011 stands at Rs4553 crores.

Engineering Products and Services : In view of transfer of Materials Handling business, the Segment Revenue’s, Results and Capital employed of this segment for the current quarter are not comparable with the corresponding quarter last year.  Segment Revenue’s and Results were  Rs97 crores and Rs17 crores, respectively. Textile Machinery business has performed better than the corresponding  period in the previous year. 

Unitary Cooling Products  for Comfort and Commercial use Segment Revenue’s were marginally lower at Rs563 crores as compared to  Rs587 crores in the same  period last year. However, the Results are better at Rs64 crores as compared to Rs55 crores in the same period last year.