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. Voltas was created 6 decades ago when Tata Sons joined hands with a swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. The company has 5,000+ Customer sites actively managed across India.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹3,070 cr, −1.1% YoY vs ₹3,106 cr, −3.1% QoQ vs ₹3,170 cr; Unitary Cooling Products (UCP) stable despite seasonality, Electro Mechanical Projects & Services −18% YoY to ₹974 cr on execution, Engineering Products +21% YoY to ₹157 cr.
- EBITDA: ₹177 cr (−10% YoY vs ₹196 cr), margin 5.7% (−70 bps YoY); compression from raw material/logistics costs, competitive pricing in ACs, promotional spends.
- PAT: ₹85 cr (−36% YoY vs ₹132 cr, −36% YoY), EPS impacted; PBT ₹116 cr.
- Other key metrics: 9M PAT ₹257 cr; diversified portfolio resilient, refreshed AC line-up for upcoming season.
Management Commentary & Strategic Decisions
- External challenges like lean summer/GST deferral pressured Q3; fundamentals strong with cost optimisation, BEE transition readiness.
- Strategic moves: Sharper pricing, product refresh for efficiency; execution focus across segments.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹2,347 cr (−10% YoY vs ₹2,619 cr, −40% QoQ vs ₹3,920 cr); off-season AC weakness.
- EBITDA: ₹70 cr (−61% YoY), margin 3% (−230 bps YoY); promotional spends high.
- PAT: ₹32–34 cr (−74% YoY vs ₹133 cr, −76% QoQ); total income ₹2,412 cr (−11% YoY).
- Other key metrics: Expenses down 7% YoY; refreshed portfolio, distribution investments.
Management Commentary Q2
- Short-term headwinds from lean summer/GST; long-term cooling demand intact.
- Strategic moves: GST/BEE transition to unlock demand; cost optimisation.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.