Shares of air conditioning and engineering services company Voltas Ltd tumbled nearly 8 per cent on Friday after the firm reported a 23.46 per cent decline in its consolidated net profit in the fourth quarter ended March.
The stock tanked 7.71 per cent to settle at `1,069 on the BSE. During the day, it declined 9.77 per cent to `1,045.
At the NSE, it tumbled 7.98 per cent to settle at `1,065 apiece.
In traded volume terms, 2.20 lakh shares were traded at the BSE and over 42.79 lakh shares at the NSE during the day.
Voltas Ltd on Thursday reported a 23.46 per cent decline in its consolidated net profit at `182.71 crore in the fourth quarter ended March.
The Tata group firm had posted a consolidated net profit of `238.72 crore in the January-March quarter of the last fiscal, Voltas said in a regulatory filing.