Voltas profit jumps 51.4% to 47.71 crore rupees in second quarter
Key Facts
Voltas reported a 51.4% year-on-year increase in consolidated net profit to 47.71 crore rupees in the second quarter of fiscal 2027, which ended in September 2026, compared with 31.5 crore rupees in the year-earlier period. Consolidated revenue from operations rose 15.3% to 2,706.57 crore rupees from 2,347.32 crore rupees, according to results data reported by Business Standard and Press Trust of India. Total consolidated income also increased 13.85% to 2,746.08 crore rupees during the quarter. Consolidated cooling products, which include room air conditioners, led revenue growth among the main segments. By contrast, revenue from projects and electromechanical services declined, highlighting the uneven performance of the company’s consumer and project businesses.
Revenue from the consolidated cooling products segment rose 29% to 1,566.79 crore rupees in the quarter, compared with 1,215.13 crore rupees a year earlier. The company attributed the growth mainly to the performance of room air conditioners. Sales volumes for these units increased 32% in the second quarter, according to the company’s announcement as reported by BazaarWatch. Managing Director Mukundan Menon said the room air-conditioner business led continued progress across Voltas’ operations, citing 32% volume growth in the quarter. The figures put the appliances business at the forefront of the company’s reported operating results for the period.
Voltas said its market share in room air conditioners stood at 17.4% from the start of the year through the end of September 2026, putting it 4.2 percentage points ahead of its nearest competitor. The company said it retained the top position in the sector during that period. This came alongside 32% sales-volume growth in the quarter, while cooling-segment revenue rose 29% year on year. The indicators show a divergence between volume and revenue growth, with the increase in volumes exceeding the segment’s revenue growth. The available data provided no further explanation for the gap between the two rates.
In the projects and electromechanical services segment, revenue fell 15.5% to 816.39 crore rupees in the second quarter of fiscal 2027, according to Business Standard and Press Trust of India. The contraction coincided with growth in cooling products revenue, which reached 1,566.79 crore rupees. Menon said the projects segment maintained a healthy order book and disciplined execution, according to his published comments on the results. The segment’s order backlog stood at more than 6,800 crore rupees on September 30, 2026, the company said. The order volume recorded on that date indicates the segment’s contracted work, alongside the decline in its quarterly revenue.
The engineering products and services segment recorded a contrasting performance to the projects segment, with revenue rising 33.32% to 185.39 crore rupees during the quarter. The company said mining and construction equipment and textile machinery supported growth in the business. For the six months ended September 30, 2026, total consolidated income was 7,510.82 crore rupees, compared with 6,432.58 crore rupees in the same period a year earlier. These figures provide broader context for the second-quarter results within the first half of the fiscal year. Segment performance in the quarter combined growth in cooling and engineering products with a contraction in projects and electromechanical services.
Voltas shares fell in Friday’s session on November 6, 2026, the day the results were announced, closing at 1,096 rupees on the BSE, down 2.43% during the session, according to Business Standard and Press Trust of India. The share move came on the same day the company reported growth in second-quarter profit and revenue from operations. The company had said the projects segment’s order backlog exceeded 6,800 crore rupees on September 30, 2026. Consolidated cooling products also recorded revenue of 1,566.79 crore rupees during the quarter, while projects and electromechanical services revenue was 816.39 crore rupees. The published results covered the period ended in September, with no later date specified in the available information.