Voltas is the coolest one!
By
Research Desk
about 10 years ago
Voltas is the top gainer on the BSE ever since the day opened for trading. The stock has shown some tremendous volume of almost 6 times, going on to hit a new high at Rs.315.60. The stock is currently firmly at the same level, up over 9%.
Exceeding all analyst expectations, the company ended Q4Fy15 with a very good 35% (YoY) jump in net profit at Rs.312 crore on a 2% jump in revenue at Rs.1484 crore. The market is more enthused with the healthy rise in margins, up from 6.4% to 9.2%. The Air cooling or AC business is what gave it this performance, showing a 19% jump in topline with a 100 bps rise in EBIT margins.
The company ended FY15 with a 56% rise in net profit at Rs.384 crore and net sales for the fiscal was actually down 2%.