Voltas Q1 FY26 Earnings Results

Voltas is engaged in the business of air conditioning, refrigeration, electro – mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Presenting below are its Q1 FY26 earnings results.

 

Q1 FY26 Earnings Results

• Consolidated Net Profit (PAT): ₹140.6 crore, down 58% year-over-year (YoY) from ₹335 crore in Q1 FY25.

• Revenue from Operations: ₹3,939 crore, down 19.96% YoY from ₹4,921 crore.

• EBITDA: ₹178.5 crore, down 58% YoY from ₹424 crore.

• EBITDA margin: Contracted significantly due to promotional pressure and softer secondary sales.

• Key Segment Performance:

  • Unitary Cooling Products (room ACs and commercial cooling): Revenue dropped 24.6% YoY to ₹2,868 crore, impacted by unseasonal rains, a delayed summer onset, and early monsoon curtailing peak selling season.

  • Electro-Mechanical Projects & Services: Revenue down 2.9% YoY to ₹922 crore; steady execution in domestic and international projects helped margin stability.

• Expenses: Total expenses declined 16.09% YoY to ₹3,818 crore.

• Other Income: Overall total income including other income declined nearly 19.6% to around ₹4,021 crore.

 

Key Management Commentary & Strategic Highlights

• Management noted the quarter was marked by unseasonal and unpredictable weather that delayed summer and ended it early, leading to subdued demand for cooling products.

• Elevated inventory levels due to trade partners stocking ahead of expected strong demand caused temporary production adjustments.

• Voltas intensified promotional activities to bolster secondary sales, which exerted margin pressure.

• Despite revenue challenges, project businesses maintained healthy operational efficiency and margin stability through cost controls and timely certifications.

• The company is focused on market recovery as weather normalizes and consumer demand improves.

 

 

Q4 FY25 Earnings Results

• Voltas Ltd reported Revenues for Q4FY25 of ₹4,768.00 Crores up from ₹4,203.00 Crore year on year, a rise of 13.44%.
• Total Expenses for Q4FY25 of ₹4,504.00 Crores up from ₹4,084.00 Crores year on year, a rise of 10.28%.
• Consolidated Net Profit of ₹236.00 Crores up 112.61% from ₹111.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹7.28, up 106.82% from ₹3.52 in the same quarter of the previous year.

• Profitability was significantly better reflecting the normal peak season for cooling products.

• EBITDA and margins were higher than in Q1 FY26 due to stronger sales and curtailed promotional intensity.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.