Voltas Limited has posted a net profit of Rs 22.83 crore for the quarter ended March 2005, an increase of 18.23 per cent from Rs 19.31 crore in the same quarter last year. Net sales for the quarter ended March 2005 stood at Rs 499.70 crore, up 22.66 per cent from Rs 407.40 crorein the corresponding quarter last year. Net profit for the year ended March 2005 was Rs 50.41 crore, up 29 per cent from Rs 39.03 crore last year. Net sales for the year stood at Rs 1441.43 crore, an increase of 8.38 per cent from Rs 1329.94 crore last year. The board has recommended a dividend of 50 per cent for 2004-05 compared with 30 per cent in the previous year.