Voltas Q4FY16 consolidated net profit rises 50% yoy to Rs.176.43 crore : Beats Estimates

India Infoline News Service | Mumbai | May 17, 2016 15:27 IST

The company’s consolidated revenue stood at Rs. 1,888.76 crore, up 26.76% yoy and 44.42% qoq.

Voltas, makers of aircoolers and airconditioners, reported consolidated net profit of Rs. 176.43 crore for the quarter ended March 31, 2016, registering growth of 49.47% yoy and 225.58% qoq. The company’s revenue stood at Rs. 1,888.76 crore, up 26.76% yoy and 44.42% qoq.

Its consolidated core operating profit of Rs. 185.26 crore for the quarter, clocked growth of 29.54% yoy and 217.44% qoq. Operating profit margin for the current quarter at 9.81% expanded by 21 bps yoy and 535 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 385.59 crore, growing by 0.33% yoy. Its consolidated revenue for the period stood at Rs. 5,857.44 crore, registering growth of 13.01% yoy.

Voltas Ltd's core operating profit stood at Rs. 436.93 crore, recording growth of 6.56% yoy. Operating margin for the current period at 236.94% expanded by 22903 bps yoy.

On standalone basis,Voltas Ltd, reported standalone net profit of Rs. 137.84 crore for the quarter ended March 31, 2016, registering growth of 55.91% yoy and 537.56% qoq. The company’s revenue stood at Rs. 1,587.20 crore, up 5.27% yoy and 44.74% qoq.

Its standalone core operating profit of Rs. 137.57 crore for the quarter, clocked growth of 6.34% yoy and 791.57% qoq. Operating profit margin for the current quarter at 8.67% expanded by 9 bps yoy and 726 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 332.89 crore, growing by 1.11% yoy. Its standalone revenue for the period stood at Rs. 5,187.48 crore, registering growth of 0.36% yoy.

Voltas Ltd's core operating profit stood at Rs. 297.52 crore, recording decline of 2.43% yoy. Operating margin for the current period at 6.42% expanded by 52 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 1888.76 1607.6 17.49
Consolidated Net Profit 176.43 120 47.03

Consolidated EPS for the quarter stood at Rs. 5.33.

Bloomberg estimated the company’s consolidated net profit at Rs. 116.67 crore.

Corporate Actions: Voltas at its meeting held on May 17, 2016 recommended Dividend of Rs.2.60 per share on face value of Re.1 per share (260%) for the year 2015-16, which will be paid on or after September 02, 2016, subject to approval by the shareholders at the 62nd Annual General Meeting.

Stock Commentary:

Voltas Ltd is currently trading at Rs. 343.3, up by 18 points or 5.53% from its previous closing of Rs. 325.3 on the BSE.

The scrip opened at Rs. 325.7 and has touched a high and low of Rs. 345 and Rs. 316.7 respectively. So far 2915627(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10764.18 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 360 on 23-Jun-2015 and a 52 week low of Rs. 211.2 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 327.8 and Rs. 302 respectively.

The promoters holding in the company stood at 30.3 % while Institutions and Non-Institutions held 48.65 % and 21.05 % respectively.

The stock is currently trading below its 200 DMA.



***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.