Tata Group firm Voltas on Tuesday reported a 51.43 per cent increase in its consolidated net profit at Rs180.71 crore for the March quarter on account of improvement in order execution by projects business. The company had posted a net profit of Rs119.33 crore in the January-March quarter of 2014-15 fiscal, Voltas said in a BSE filing.
Voltas’ net sales rose 26.38 per cent to Rs1,875.72 crore in the fourth quarter of 2015-16 fiscal as compared with Rs1,484.09 crore in the same period last fiscal.
Revenue from its Electro-mechanical Projects and Services business stood at Rs818.55 crore during the quarter under review, up 36.50 per cent, as against Rs599.