Q2 2025 Voltas Ltd Earnings Call Transcript
Key Points
- Voltas Ltd (BOM:500575) achieved a significant milestone by selling 2 million air conditioners within just eight months of 2024, indicating strong market demand.
- The company reported a 33% increase in consolidated total income for the six months ending September 30, 2024, reaching INR7,726 crores.
- Profit before tax surged by 128% to INR657 crores, and net profit after tax grew significantly to INR468 crores, marking the highest half-yearly profit in the company's history.
- The Unitary Cooling Products Division outperformed the market with a 56% volume increase over the previous six months.
- Voltas Ltd (BOM:500575) maintained its leadership position with a 21% market share in the air conditioning segment as of September 2024.
- Persistent rains across the country during the quarter slowed industry progress, impacting the company's growth momentum.
- The commercial refrigeration industry faced headwinds due to a reversal in the capital expenditure cycle, leading to a decline in margins.
- Elevated commodity prices and a depreciating USD/INR exchange rate affected profitability.
- Challenges in the textile industry due to fluctuations in cotton and yarn exports led to reduced demand and margins for the agency business.
- The commercial refrigeration segment did not perform as expected, with a slowdown in capital investments affecting growth.
Ladies and gentlemen, good day. And welcome to the Voltas Limited conference call hosted by Dam Capital Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr Mumi from Dam Capital Advisors Limited. Thank you and over to you, ma'am.
Yeah. Good afternoon, everyone and a warm welcome on behalf of Dan Capital to the world that limited to QF 525 earnings call. We have the management today being represented by Mr Pradeep Bakshi, a Managing Director and CEO; Mr. Jitender P Verma, Chief Financial Officer; Mr. Nikhil Chandarana , Head Corporate Finance and Mr. Vaibhv Vora, Head Treasury. At this point. I'll hand over the floor to the management for the initial remarks post which we'll open up the floor for Q&A. Thank you and over to you, sir.
Hi I, this is Jitendra Rama. I'll be taking a few minutes to give you
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