VOLTAS LIMITED = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = CONSOLIDATED NET PROFIT LOWER BY 6.79%

Voltas Limited

 NSE Symbol   VOLTAS

VOLTAS  has declared slightly lower third quarter results compared to Q2 FY 2011 and Q3 FY 2010.

NET SALES is Rs.1039 cr – down by 2.28% from Q2 FY 2011 and up by 4.93% from Q3 FY 2010.

Total Expenditure is Rs.968 cr – up by 0.56% from Q2 FY 2011 and by 6.59% from Q3 FY 2010.

Profit from operations is Rs.74 cr – down by 27.71% from Q2 FY 2011 and down by 12.38% from Q3 FY 2010.

Consolidated Net Profit is Rs.71 cr – down by 23.66% from Q2 FY 2011 and down by 6.79% from Q3 FY 2010.

Consequently, on a Face Value of Rs.1, the Basic EPS is slightly down to Rs.2.13 compared to Rs.2.79 in Q2 FY 2011 and Rs.2.29 in Q3 FY 2010.

Current Market Price is Rs.172. Annual EPS is likely to be around Rs.9. Hence, PE Ratio is around 19.

RESULTS TABLE :

VOLTAS-CONSOL	Q3 FY 2011	Q2 FY 2011	Q3 FY 2010
Net Sales	103928	106358	99048
DIF %1	1039	-2.28	4.93
Other Optng Income	293	154	230
Incre./Decr. in SIT/WIP	-9324	-83	-8515
Raw Materials	63409	60753	58163
Traded goods	16442	12117	17366
Employees Cost	14438	12679	13150
Depreciation	539	534	549
Other Expenditure	11329	10292	10133
Total Expenditure	96833	96292	90846
DIF %2	968	0.56	6.59
Profit from Operations	7388	10220	8432
DIF %3	74	-27.71	-12.38
Other Income	1314	1933	1518
Profit B I & EI	8702	12153	9950
Interest	340	373	122
Profit after I B B E I	8362	11780	9828
Exceptional items	-1545	-1776	-935
Profit before tax	9907	13556	10763
Tax Expense	3024	4534	3117
Net Profit after tax	6883	9022	7646
Net Profit	6883	9022	7646
Minority Interest	-172	-219	77
Consolidated Net Profit	7055	9241	7569
DIF %4	71	-23.66	-6.79
Face Value (in Rs.)	1	]	1
Paid-up Equity	3307	3307	3307
Basic EPS	2.13	2.79	2.29
Public holding (%)	69.42	69.47	72.29

ANNOUNCEMENTS

TO THE EXCHANGE

02-02-2011      Voltas Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 99042 lacs for quarter ending on 31-DEC-2010 against Rs. 91233 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 6701 lacs for the quarter ending on 31-DEC-2010 against Rs. 6879 lacs for the quarter ending on 31-DEC-2009.         -

02-02-2011      Voltas Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 103928 lacs for quarter ending on 31-DEC-2010 against Rs. 99048 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 7055 lacs for the quarter ending on 31-DEC-2010 against Rs. 7569 lacs for the quarter ending on 31-DEC-2009.

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