Mumbai: The Board of Directors of Voltas Limited, a global air conditioning and engineering services provider of the Tata Group have today announced the Consolidated Audited Financial Results and Segment Report for the year ended March 31, 2015.
Quarter ended 31st March, 2015:
The consolidated Sales/Income from operations for the quarter ended 31st March, 2015 was Rs.1484 crores as compared to Rs.1450 crores in the corresponding quarter last year. Operating Profit for the quarter was higher by 30% at Rs.159 crores as compared to Rs.123 crores in the corresponding quarter last year. Profit before tax (after exceptional items) was Rs. 161 crores for the current quarter as compared to Rs.140 crores in the corresponding quarter last year. Net Profit after tax and Minority interest for the current quarter was at Rs.118 crores as compared to Rs.100 crores in the corresponding quarter last year.
Year Ended 31St March, 2015:
The consolidated Sales/Income from operations for the year 2014-15 was lower by 2% at Rs 5144 crores as compared to Rs 5244 crores in the previous year primarily due to the Project Businesses. However, due to impressive performance of the Products business, Operating profit was significantly higher by 47% at Rs. 467 crores for the year under review as compared to Rs. 318 crores last year. Profit before tax was also higher by 51% at Rs. 514 crores and Net Profit (after Minority Interest) was higher by 57% at Rs 384 crores as compared to Rs 340 crores and Rs 245 crores, respectively in the previous year. PBT at Rs. 514 crores was after considering charge of Rs. 190 crores towards the Onerous contract and also an exceptional income of Rs. 236 crores.
The Board has recommended dividend of Rs 2.25 per share of Re. 1/- each (225%) for the year ended 31st March, 2015.
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