Voltas Q3 profit down 35.4% to Rs 84.46 cr, revenue dips 1.1% to Rs 3070.77 cr

New Delhi (PTI): Leading air-conditioning maker and engineering services provider Voltas Ltd on Thursday reported a 35.4 per cent decline in its consolidated net profit to Rs 84.46 crore for the December quarter of FY26.

It had posted a consolidated net profit of Rs 130.76 crore in the October-December period a year ago, according to a regulatory filing from the Tata Group firm. Voltas’ revenue from operations declined 1.1 per cent to Rs 3,070.77 crore in the December quarter of FY26, compared with Rs 3,105.11 crore in the corresponding quarter of the previous fiscal.

Total expenses of Voltas stood at Rs 2,945.19 crore, almost flat in the December quarter.

Commenting on the results, its Managing Director Mukundan Menon C P said: "In Q3, the Room Air Conditioner business remained the anchor of our overall performance, navigating inherent seasonality and the impact of a shorter second summer through stronger channel momentum, improved product mix, and the benefit of the GST rate reduction." In the December quarter, Voltas' revenue from "unitary cooling products for comfort and commercial use", which has room AC business, was up 8.64 per cent to Rs 1,215.13 crore, from Rs 1,771.13 crore in the corresponding period last fiscal.

"Despite inherent seasonality and the impact of a shorter second summer, the segment delivered a stable and well-balanced performance across both volumes and revenue," it said.

Voltas' performance was strongly anchored by the Room Air Conditioner business, supported by improved channel momentum following the GST rate reduction and proactive buying ahead of the BEE star label transition, as customers prepared for the revised pricing structure, it added.

However, its revenue from "electro-mechanical projects and services", which comprises domestic and international Projects businesses, was also down 18.15 per cent in the December quarter to Rs 974.18 crore.

Its revenue from Engineering Products and Services was up 20.74 per cent to Rs 156.57 crore.

Voltas' total income, which includes other income, was down 1.47 per cent to Rs 3,119.61 crore.

Share of Voltas Ltd on Thursday settled at Rs 1,347.15 on BSE, down 1.98 per cent from the previous close.