Voltas Ltd's shares dropped 9% due to a 22.75% decline in Q4 net profit for FY 2022-2023.
Voltas Ltd's shares dropped 9% following a 22.75% decline in consolidated net profit for Q4 in the financial year 2022-2023, which ended on March 31, 2024. The company reported a net profit of ₹110.64 crore, down from ₹143.23 crore in the same period of the previous fiscal year. The decrease in profit was attributed to higher expenses, despite revenue from operations rising to ₹4,202.88 crore from ₹2,956.8 crore in the previous year.
May 07, 2024
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