Voltas Ltd.
VOLTASConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
3 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 3 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20240514 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240822 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241106 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250814 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251120 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260520 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260820 | 2026-06-30 | yes |
VOLTAS
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,113.40 |
| 52-week range | 1100.8 – 1561.3 |
| Return 1M | -10.43% |
| Return 3M | -14.51% |
| Return 1Y | -18.87% |
| Return 3Y | 27.14% |
| Return 5Y | -9.39% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,674.00 |
| Other income | 91.00 |
| Total income | 4,765.00 |
| Cost of materials consumed | 2,271.00 |
| Purchases of stock-in-trade | 1,339.00 |
| Changes in inventories | 41.00 |
| Employee benefit expense | 258.00 |
| Finance costs | 13.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.30 | 0.00 |
| institutions foreign | 0.17 | -0.02 |
| institutions domestic | 0.39 | 0.01 |
| mutual funds | 0.16 | 0.01 |
| public | 0.70 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 7 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,768.00 | 2,006.00 | 2,957.00 | 3,360.00 | 2,293.00 | 2,626.00 | 4,203.00 | 4,921.00 | 2,619.00 | 3,105.00 | 4,768.00 | 3,939.00 | 2,347.00 | 3,071.00 | 4,888.00 | 4,674.00 |
| Other income | 64.00 | 31.00 | 47.00 | 70.00 | 71.00 | 58.00 | 54.00 | 80.00 | 105.00 | 59.00 | 80.00 | 82.00 | 65.00 | 49.00 | 43.00 | 91.00 |
| Total income | 1,833.00 | 2,036.00 | 3,003.00 | 3,430.00 | 2,364.00 | 2,684.00 | 4,257.00 | 5,001.00 | 2,725.00 | 3,164.00 | 4,847.00 | 4,021.00 | 2,412.00 | 3,120.00 | 4,930.00 | 4,765.00 |
| Cost of materials consumed | 986.00 | 1,115.00 | 1,552.00 | 1,539.00 | 1,575.00 | 1,735.00 | 1,928.00 | 1,722.00 | 1,781.00 | 2,199.00 | 2,423.00 | 2,210.00 | 1,684.00 | 1,728.00 | 2,635.00 | 2,271.00 |
| Purchases of stock-in-trade | 305.00 | 379.00 | 844.00 | 1,061.00 | 446.00 | 585.00 | 1,335.00 | 1,652.00 | 632.00 | 700.00 | 1,033.00 | 1,118.00 | 265.00 | 542.00 | 1,158.00 | 1,339.00 |
| Changes in inventories | 46.00 | 29.00 | -78.00 | 50.00 | -291.00 | -259.00 | 109.00 | 518.00 | -471.00 | -518.00 | 289.00 | -248.00 | -184.00 | 74.00 | 88.00 | 41.00 |
| Employee benefit expense | 175.00 | 174.00 | 168.00 | 180.00 | 194.00 | 205.00 | 199.00 | 202.00 | 238.00 | 231.00 | 218.00 | 231.00 | 241.00 | 225.00 | 243.00 | 258.00 |
| Finance costs | 7.00 | 6.00 | 12.00 | 10.00 | 11.00 | 14.00 | 21.00 | 10.00 | 14.00 | 16.00 | 23.00 | 14.00 | 20.00 | 31.00 | 22.00 | 13.00 |
| Depreciation and amortisation | 10.00 | 11.00 | 10.00 | 11.00 | 12.00 | 13.00 | 12.00 | 13.00 | 16.00 | 18.00 | 14.00 | 18.00 | 24.00 | 21.00 | 21.00 | 21.00 |
| Other expenses | 155.00 | 232.00 | 253.00 | 344.00 | 298.00 | 332.00 | 440.00 | 403.00 | 277.00 | 296.00 | 471.00 | 450.00 | 272.00 | 325.00 | 543.00 | 499.00 |
| Total expenses | 1,684.00 | 1,947.00 | 2,761.00 | 3,196.00 | 2,246.00 | 2,624.00 | 4,045.00 | 4,520.00 | 2,487.00 | 2,941.00 | 4,472.00 | 3,792.00 | 2,321.00 | 2,945.00 | 4,710.00 | 4,442.00 |
| Profit before exceptional items and tax | 149.00 | 90.00 | 242.00 | 234.00 | 118.00 | 60.00 | 212.00 | 481.00 | 238.00 | 223.00 | 375.00 | 229.00 | 91.00 | 174.00 | 221.00 | 323.00 |
| Exceptional items | -106.00 | -137.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -26.00 | 0.00 | 0.00 |
| Profit before tax | 42.00 | -48.00 | 242.00 | 234.00 | 118.00 | 60.00 | 212.00 | 481.00 | 238.00 | 223.00 | 375.00 | 229.00 | 91.00 | 148.00 | 221.00 | 323.00 |
| Current tax | 39.00 | 25.00 | 31.00 | 70.00 | 48.00 | 52.00 | 50.00 | 118.00 | 54.00 | 78.00 | 119.00 | 59.00 | 10.00 | 38.00 | 85.00 | 70.00 |
| Deferred tax | -20.00 | 5.00 | 40.00 | 4.00 | 1.00 | -0.00 | 13.00 | -1.00 | 19.00 | -18.00 | -12.00 | 3.00 | 12.00 | -7.00 | -14.00 | 2.00 |
| Tax expense | 19.00 | 30.00 | 71.00 | 73.00 | 49.00 | 51.00 | 63.00 | 117.00 | 73.00 | 60.00 | 107.00 | 62.00 | 23.00 | 31.00 | 71.00 | 73.00 |
| Profit for the period | -6.00 | -110.00 | 143.00 | 129.00 | 36.00 | -28.00 | 111.00 | 335.00 | 133.00 | 131.00 | 236.00 | 141.00 | 32.00 | 84.00 | 113.00 | 213.00 |
| Profit attributable to owners | -7.00 | -110.00 | 144.00 | — | 37.00 | -30.00 | 116.00 | 334.00 | 134.00 | 132.00 | 241.00 | 140.00 | 34.00 | 85.00 | 116.00 | 214.00 |
| Profit attributable to non-controlling interests | 1.00 | -0.00 | -1.00 | — | -1.00 | 3.00 | -6.00 | 1.00 | -1.00 | -1.00 | -5.00 | 0.00 | -3.00 | -0.00 | -3.00 | -1.00 |
| Other comprehensive income | 196.00 | -16.00 | -195.00 | 143.00 | 99.00 | -43.00 | 56.00 | 85.00 | 87.00 | -61.00 | -78.00 | 47.00 | -133.00 | 28.00 | -221.00 | 186.00 |
| Total comprehensive income | 190.00 | -127.00 | -52.00 | 272.00 | 135.00 | -71.00 | 167.00 | 420.00 | 220.00 | 70.00 | 158.00 | 188.00 | -102.00 | 113.00 | -107.00 | 398.00 |
| Earnings per share, basic | -0.22 | -3.34 | 4.35 | 3.91 | 1.11 | -0.92 | 3.52 | 10.10 | 4.05 | 3.99 | 7.28 | 4.25 | 1.03 | 2.57 | 3.51 | 6.46 |
| Earnings per share, diluted | -0.22 | -3.34 | 4.35 | 3.91 | 1.11 | -0.92 | 3.52 | 10.10 | 4.05 | 3.99 | 7.28 | 4.25 | 1.03 | 2.57 | 3.51 | 6.46 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,124.00 | 7,658.00 | 7,457.00 | 7,934.00 | 9,499.00 | 12,481.00 | 15,413.00 | 14,244.00 |
| Other income | 186.00 | 231.00 | 288.00 | 189.00 | 168.00 | 253.00 | 324.00 | 238.00 |
| Total income | 7,310.00 | 7,889.00 | 7,745.00 | 8,124.00 | 9,667.00 | 12,734.00 | 15,737.00 | 14,483.00 |
| Cost of materials consumed | 3,557.00 | 3,289.00 | 3,437.00 | 4,032.00 | 4,808.00 | 6,778.00 | 8,126.00 | 8,256.00 |
| Purchases of stock-in-trade | 1,985.00 | 2,568.00 | 1,862.00 | 2,043.00 | 2,296.00 | 3,427.00 | 4,017.00 | 3,083.00 |
| Changes in inventories | -280.00 | -302.00 | 279.00 | -178.00 | 274.00 | -391.00 | -183.00 | -270.00 |
| Employee benefit expense | 642.00 | 672.00 | 602.00 | 618.00 | 667.00 | 779.00 | 890.00 | 939.00 |
| Finance costs | 33.00 | 21.00 | 26.00 | 26.00 | 30.00 | 56.00 | 62.00 | 87.00 |
| Depreciation and amortisation | 24.00 | 32.00 | 34.00 | 37.00 | 40.00 | 48.00 | 62.00 | 84.00 |
| Other expenses | 608.00 | 745.00 | 734.00 | 739.00 | 881.00 | 1,414.00 | 1,446.00 | 1,589.00 |
| Total expenses | 6,569.00 | 7,024.00 | 6,974.00 | 7,316.00 | 8,996.00 | 12,110.00 | 14,420.00 | 13,768.00 |
| Profit before exceptional items and tax | 741.00 | 864.00 | 770.00 | 808.00 | 672.00 | 624.00 | 1,317.00 | 714.00 |
| Exceptional items | -12.00 | -51.00 | 0.00 | 0.00 | -244.00 | 0.00 | 0.00 | -26.00 |
| Profit before tax | 729.00 | 813.00 | 770.00 | 808.00 | 428.00 | 624.00 | 1,317.00 | 688.00 |
| Current tax | 220.00 | 197.00 | 192.00 | 190.00 | 150.00 | 220.00 | 369.00 | 192.00 |
| Deferred tax | -56.00 | 26.00 | -12.00 | 1.00 | 21.00 | 18.00 | -13.00 | -5.00 |
| Tax expense | 164.00 | 223.00 | 180.00 | 191.00 | 171.00 | 238.00 | 356.00 | 187.00 |
| Profit for the period | 514.00 | 521.00 | 529.00 | 506.00 | 136.00 | 248.00 | 834.00 | 370.00 |
| Profit attributable to owners | 508.00 | 517.00 | 525.00 | 504.00 | 135.00 | 252.00 | 841.00 | 376.00 |
| Profit attributable to non-controlling interests | 6.00 | 4.00 | 4.00 | 2.00 | 1.00 | -4.00 | -7.00 | -6.00 |
| Other comprehensive income | -24.00 | -190.00 | 321.00 | 170.00 | -38.00 | 255.00 | 34.00 | -279.00 |
| Total comprehensive income | 490.00 | 331.00 | 850.00 | 676.00 | 98.00 | 503.00 | 868.00 | 91.00 |
| Earnings per share, basic | 15.35 | 15.63 | 7.18 | 15.23 | 4.08 | 7.62 | 25.43 | 11.36 |
| Earnings per share, diluted | 15.35 | 15.63 | 7.18 | 15.23 | 4.08 | 7.62 | 25.43 | 11.36 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 9,270.00 | 10,279.00 | 10,010.00 | 12,036.00 | 11,843.00 | 13,152.00 | 12,875.00 | 14,510.00 |
| Non-current assets | 3,276.00 | 3,833.00 | 4,063.00 | 4,311.00 | 4,695.00 | 4,274.00 | 4,332.00 | 4,180.00 |
| Current assets | 5,993.00 | 6,446.00 | 5,947.00 | 7,725.00 | 7,148.00 | 8,878.00 | 8,543.00 | 10,329.00 |
| Property, plant and equipment | 249.00 | 361.00 | 364.00 | 390.00 | 658.00 | 820.00 | 836.00 | 967.00 |
| Capital work-in-progress | 142.00 | 98.00 | 150.00 | 368.00 | 193.00 | 82.00 | 75.00 | 22.00 |
| Goodwill | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 |
| Other intangible assets | 7.00 | 6.00 | 43.00 | 6.00 | 4.00 | 3.00 | 3.00 | 4.00 |
| Inventories | 1,561.00 | 1,592.00 | 1,600.00 | 2,135.00 | 2,103.00 | 2,715.00 | 3,110.00 | 3,433.00 |
| Trade receivables | 1,799.00 | 2,192.00 | 1,513.00 | 2,533.00 | 1,908.00 | 2,511.00 | 1,795.00 | 3,035.00 |
| Cash and cash equivalents | 529.00 | 693.00 | 667.00 | 815.00 | 633.00 | 650.00 | 475.00 | 755.00 |
| Total equity and liabilities | 9,270.00 | 10,279.00 | 10,010.00 | 12,036.00 | 11,843.00 | 13,152.00 | 12,875.00 | 14,510.00 |
| Equity | 5,633.00 | 5,494.00 | 5,756.00 | 5,854.00 | 6,312.00 | 6,540.00 | 6,394.00 | 6,399.00 |
| Equity share capital | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 |
| Other equity | 5,558.00 | 5,419.00 | 5,681.00 | 5,787.00 | 6,246.00 | 6,480.00 | 6,336.00 | 6,343.00 |
| Total liabilities | 3,636.00 | 4,785.00 | 4,254.00 | 6,182.00 | 5,531.00 | 6,612.00 | 6,481.00 | 8,111.00 |
| Non-current liabilities | 155.00 | 166.00 | 180.00 | 425.00 | 636.00 | 606.00 | 679.00 | 557.00 |
| Current liabilities | 3,482.00 | 4,620.00 | 4,075.00 | 5,756.00 | 4,896.00 | 6,006.00 | 5,802.00 | 7,554.00 |
| Borrowings, non-current | 0.00 | 21.00 | 24.00 | 228.00 | 356.00 | 382.00 | 423.00 | 376.00 |
| Borrowings, current | 367.00 | 595.00 | 532.00 | 485.00 | 474.00 | 481.00 | 1,304.00 | 591.00 |
| Trade payables | 2,273.00 | 3,013.00 | 2,522.00 | 3,856.00 | 3,147.00 | 3,893.00 | 3,166.00 | 5,228.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -340.00 | 159.00 | 225.00 | 762.00 | 124.00 | -224.00 | -1,069.00 | 71.00 |
| Net cash from investing activities | 488.00 | -82.00 | 5.00 | -522.00 | -213.00 | 158.00 | 304.00 | 282.00 |
| Net cash from financing activities | -173.00 | 55.00 | -256.00 | -116.00 | -94.00 | -100.00 | 593.00 | -262.00 |
| Purchase of property, plant and equipment | 185.00 | 180.00 | 105.00 | 293.00 | 138.00 | 208.00 | 64.00 | 133.00 |
| Net increase in cash | -25.00 | 133.00 | -24.00 | 124.00 | -183.00 | -166.00 | -176.00 | 105.00 |
| con:CFO.BEFORE_TAX | -228.00 | 325.00 | 300.00 | 973.00 | 280.00 | 87.00 | -932.00 | 282.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 112.00 | 166.00 | 74.00 | 212.00 | 155.00 | 311.00 | 136.00 | 211.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 833.00 | 1,698.00 | 714.00 | 1,467.00 | 0.00 | 0.00 | 1,396.00 | 1,861.00 |
| con:INVESTMENTS_SOLD | 1,486.00 | 2,095.00 | 918.00 | 1,476.00 | 1,422.00 | 0.00 | 1,672.00 | 2,087.00 |
| con:PPE_DISPOSALS | 2.00 | 2.00 | 0.00 | 5.00 | 0.00 | 17.00 | 3.00 | 4.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 1,329.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102.00 | 0.00 | 98.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 30.30 | 0.30 | 0.30 | 0.30 | 0.30 |
| Domestic institutions | 31.67 | 33.37 | 33.85 | 36.03 | 37.21 | 40.59 | 40.41 | 37.46 | 34.61 | 33.21 | 0.36 | 0.38 | 0.38 | 0.39 |
| Mutual funds | — | — | — | — | — | — | — | — | — | — | 0.16 | 0.15 | 0.15 | 0.16 |
| Insurance companies | 14.85 | 15.61 | 15.84 | 18.44 | 16.98 | 15.54 | 14.17 | 10.51 | 9.59 | 10.05 | 0.14 | 0.17 | 0.17 | 0.16 |
| Foreign institutions | 21.58 | 20.57 | 19.08 | 17.83 | 17.17 | 14.71 | 15.08 | 18.08 | 21.31 | 21.96 | 0.20 | 0.18 | 0.18 | 0.17 |
| Government | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 69.70 | 0.70 | 0.70 | 0.70 | 0.70 |
| Non-institutional | 16.45 | 15.76 | 16.78 | 15.84 | 15.31 | 14.40 | 14.21 | 14.16 | 13.78 | 14.53 | 0.14 | 0.13 | 0.13 | 0.14 |
| Shares outstanding | 330764890 | 330764890 | 330765340 | 330765430 | 330765580 | 330766040 | 330767220 | 330767790 | 330768790 | 330768840 | 330769520 | 330771110 | 330772310 | 330772310 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Voltas Netherlands B.V. | Foreign Subsidiaries | Any other transaction, Investment | 1,774,652,000.00 | 3 |
| Universal MEP Projects & Engineering Services Limited | Indian Subsidiaries | Any other transaction, Dividend received, Sale of go | 1,113,402,000.00 | 12 |
| Tata Steel Limited | Associate of Promoters | Any other transaction, Purchase of goods or services | 1,024,166,000.00 | 12 |
| Infiniti Retail Limited | Subsidiary and step down Subsidiar | Advance, Any other transaction, Purchase of goods or | 828,376,000.00 | 9 |
| Tata Sons Private Limited | Promoter | Any other transaction, Dividend paid, Sale of goods | 593,191,000.00 | 7 |
| TP Solar Limited | Subsidiary of Associate of Promote | Any other transaction, Sale of goods or services | 554,502,000.00 | 6 |
| Voltbek Home Appliances Private Limited | Indian Joint Ventures | Advance, Any other transaction, Sale of goods or ser | 527,966,000.00 | 8 |
| Tata De Mocambique, Limitada | Subsidiary and step down Subsidiar | Any other transaction, Sale of goods or services | 440,368,000.00 | 2 |
| Tata Consultancy Services Limited | Subsidiary and step down Subsidiar | Advance, Any other transaction, Purchase of goods or | 428,182,000.00 | 15 |
| Trent Limited | Associate of Promoters | Advance, Any other transaction, Sale of goods or ser | 372,888,000.00 | 9 |
| Saudi Ensas Company for Engineering Services W.L.L. | Foreign Subsidiaries | Any other transaction, Sale of goods or services | 173,050,000.00 | 5 |
| Innovative Retail Concepts Private Limited | Subsidiary and step down Subsidiar | Any other transaction, Sale of goods or services | 91,372,000.00 | 4 |
| Tata AIG General Insurance Company Limited | Subsidiary and step down Subsidiar | Any other transaction, Sale of goods or services | 74,164,000.00 | 9 |
| Tata Investment Corporation Limited | Subsidiary and step down Subsidiar | Dividend paid | 54,793,000.00 | 1 |
| Mr. Pradeep Bakshi - Managing Director & CEO | Key Management Personnel | Remuneration | 54,427,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-05-20 | Q4FY26 | VOLTAS LIMITED | Read the call |
| 2025-08-14 | Q1FY26 | DESIGNATE – VOLTAS LIMITED, VOLTAS LIMITED | Read the call |
| 2024-05-14 | Q4FY24 | LIMITED, VOLTAS LTD | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY26 | Q4FY24 | Q4FY26 |
|---|---|---|---|
| Capex | In the Textile Machinery division, capex sentiment remained subdued among customers, especially in international markets. | On Capex front, we are happy to announce that our expansion plan for both our factories in Chennai and Waghodia are in line with our targets, and we w… | Within the Textile Machinery Division, the business operated in a challenging environment marked by geopolitical uncertainty, supply chain disruptions… |
| Capital allocation | — | At the Board Meeting held on 7 May 2024, for adoption of accounts for the year ended 31 March, 2024, the Board declared a dividend of 550%, despite va… | — |
| Costs | — | — | Recent geopolitical conflicts and war-related disruptions created volatility in raw material availability, logistics, energy costs and currency market… |
| Debt and cash | — | The business continues to focus on governance, working capital management and high productivity to translate the orders into profits and in-turn into … | The businesses also prioritized timely execution and project delivery across multiple sites, resulting in stronger cash flows, improved execution effi… |
| Demand | Voltas had entered the season with robust channel stocking, anticipating a continuation of demand trends from the prior year. | The home appliances industry in India has witnessed a healthy growth, fuelled by a surge in demand for both large and small appliances. | Within Segment A, Commercial Air Conditioning delivered strong performance supported by healthy mix of product and AMC business, sustained urbanizatio… |
| Guidance | Sir, first question is, given this weak first quarter, would you have some guidance about the year? | Nevertheless, the outlook for this category is promising and growth drivers are visible in the current financial year. | — |
| Margin | International projects in the UAE and Saudi Arabia remained a key part of the portfolio and contributed to both revenue and margin. | However, competitive intensity has lagged the business’ ability to garner margin accretive deals, especially in AMC jobs. | The agency business delivered stable performance in Q4 FY26. While the external environment continues to remain dynamic, management remains firmly foc… |
| People | Now given that there is so much inventory in the channel and even companies are also carrying high inventory, it's very likely that factories will con… | With our story of volume growth, we are optimistic on utilization of our factories to the optimum scale and get a cost leverage on the business going … | The Chennai and Pantnagar manufacturing facilities are currently operating at better utilization levels as compared to the previous year. |
| Pricing | And did you see any pricing pressure or are you continuing to see that? | The expanded product portfolio of Voltas with newer SKUs designed in- house and competitive pricing has resulted in increased share of the inverter AC… | So, while as all of you know, there was a table change which happened from January onwards and most of the brands, including us, started delivering th… |
| Revenue growth | August 08, 2025 Voltas Beko’s growth was backed by agile manufacturing, timely availability of fast-moving products, and a steady pipeline of product … | Voltbek has delivered a volume growth of over 50% in revenue and quantity compared to last year, largely due to new product development and increase i… | The Mining & Construction Equipment Division delivered steady top line growth during the year, supported by sustained demand for crushing and screenin… |