Voltas has recorded net profit of Rs 16.8 crore for the year ended March ’02 against a net profit of Rs 5.6 crore for the previous year. Net sales and income from operations was placed at Rs 940.7 crore vis-à-vis Rs 853.7 crore in the previous year. The interest payout was Rs 5.5 crore against Rs 9.6 crore. Extraordinary items for the year ended March ’02 comprise the profit on sale of undertaking of Rs 19.7 crore, write back of diminution in value of investments of Rs 7.2 crore, other income of Rs 23.3 crore, loss on sale of investment in subsidiary companies of Rs 19.2 crore, amortisation of VRS expenses of Rs 30.8 crore, advances written off of Rs 13.3 crore, provision for contingency of Rs 2 crore and other expenses of Rs 2.2 crore