The board of directors of Voltas, the air conditioning and engineering services company of the Tata group, today announced the unaudited financial results including the segment report, for the quarter / nine months ended December 31, 2008.

 

Quarter ended December 31, 2008
The company’s sales / income from operations rose by 29 per cent to Rs870 crore, as against Rs677 crore in the same period last year. Profit before tax and exceptional income / (expenses) held steady at Rs60 crore. Profit after tax is lower by 10 per cent at Rs42 crore as compared to Rs47 crore in the same period last year, which included an extraordinary income of Rs9 crore. Excluding this extraordinary income, the current PAT is higher as compared to the previous quarter. Employees cost of Rs116 crore includes additional charge of Rs6 crore arising from revaluation of retirement benefits on account of reduction in interest rates.

 

Nine months ended December 31, 2008
The company’s sales / income from operations grew by 26 per cent to Rs2,818 crore as against Rs2,233 crore in the corresponding period last year. Profit before tax rose by 22 per cent to Rs278 crore as against Rs228 crore in the same period last year. Profit after tax rose by 24 per cent to Rs190 crore as compared to Rs153 crore in the same period last year. Earnings per share (EPS) was Rs5.73 on face value of Re1 per share (not annualised).