Voltas Share Price: Tata Group company Voltas Limited has presented its results for the April-June quarter on Monday (August 12). The stock has gained tremendously in view of the strong performance of the company. The stock has climbed 11% to its record high. The stock had hit a new record high of Rs 1567 per share in early trade today. After touching a 52-week high, the stock was trading at a level of 1548 with a gain of 8% around 11:15. Actually, the company’s profit has doubled in this quarter, due to good results, the stock has gained well.
Voltas Share’s profit doubled
Air conditioner manufacturing and engineering service provider Voltas Limited’s consolidated net profit doubled to Rs 335 crore in the first quarter of the current financial year 2024-25. The company’s net profit in the first (April-quarter) of the last financial year 2023-24 was Rs 129.42 crore.
The Tata Group company informed the stock market that it recorded a record sale of 10 lakh units of AC in the first quarter. Its total income in this quarter has crossed the figure of Rs 5,000 crore. Voltas’ operating income increased by 46.46 percent in this quarter. It was Rs 3,359.86 crore in the same quarter a year ago.
Voltas’ total expenditure in the April-June quarter increased by 41.44 percent to Rs 4,520.40 crore. Voltas’ total income increased by 45.81 percent to Rs 5,001.27 crore.
Voltas Share Price History
Amid the good rise in Voltas shares, let’s also look at the performance of its shares. The stock is up 4% in the last 5 days. At the same time, it has seen a rise of only 1.5 percent in 1 month. But at the same time, the stock has climbed 44% in just 6 months. At the same time, the stock has climbed 58% so far this year. This stock has given a return of 87% in 1 year and in the last 5 years this stock has risen by 157%.
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