In Q4, 31 March Voltas increases 22.60% in consolidated net profit at Rs 200.47 crore and rallied at 8.5 % trade on Wednesday. In BSE filling Voltas said that a year ago in January-March Quarter they gained a profit of Rs 164.23 crore. Voltas is planning with Air-conditioner maker and Turkey’s Ardutch to set up a joint venture with equity capital of USD 100 million in India.
On Wednesday morning Voltas is trading at 7.3% higher at Rs 440. Voltas retain its market share for FY17, it have strong AC business sales that resultant strong earning and its revenue growth in this business is 26% stronger. It has a better margin (5.7%) in 4Q FY17, with inflow at Rs9.5 bn. 14%/7% for FY18E/19E earning is revised by Credit Suisse on a stronger sales and slightly better margins.
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