• Sales of Electro - Mechanical Projects and services segment has gone down 34.60% to Rs 553.78 crore (accounting for 31.25% of total sales).  Sales of Engineering Products and services segment has gone up 3.12% to Rs 124.68 crore (accounting for 7.04% of total sales).  Sales of Unitary Cooling Products for comfort and commercial use segment rose 9.07% to Rs 1,093.60 crore (accounting for 61.71% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has jumped 5.45% to Rs 178.01 crore.  PBIT of Electro - Mechanical Projects and services segment rose 166.25% to Rs 36.29 crore (accounting for 20.39% of total PBIT).  PBIT of Engineering Products and services segment rose 24.88% to Rs 40.01 crore (accounting for 22.48% of total PBIT).  PBIT of Unitary Cooling Products for comfort and commercial use segment fell 17.40% to Rs 101.71 crore (accounting for 57.14% of total PBIT).  
• PBIT margin of Electro - Mechanical Projects and services segment rose from 1.61% to 6.55%.  PBIT margin of Engineering Products and services segment rose from 26.50% to 32.09%.  PBIT margin of Unitary Cooling Products for comfort and commercial use segment fell from 12.28% to 9.30%.  Overall PBIT margin rose from 8.57% to 10.05%.  

Nine Month Performance

Net sales (including other operating income) of Voltas has increased 7.42% to Rs 5267.87 crore.  Sales of Electro - Mechanical Projects and services segment has gone down 11.20% to Rs 1,778.68 crore (accounting for 34.16% of total sales).  Sales of Engineering Products and services segment has gone up 39.48% to Rs 365.16 crore (accounting for 7.01% of total sales).  Sales of Unitary Cooling Products for comfort and commercial use segment rose 19.49% to Rs 3,063.51 crore (accounting for 58.83% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 38.31% to Rs 516.78 crore.  PBIT of Electro - Mechanical Projects and services reported profit of Rs 78.20 crore compared to loss of Rs 29.57 crore.  PBIT of Engineering Products and services segment rose 45.46% to Rs 117.11 crore (accounting for 22.66% of total PBIT).  PBIT of Unitary Cooling Products for comfort and commercial use segment fell 0.38% to Rs 321.47 crore (accounting for 62.21% of total PBIT).  

PBIT margin of Electro - Mechanical Projects and services segment rose from negative 1.48% to 4.40%.  PBIT margin of Engineering Products and services segment rose from 30.75% to 32.07%.  PBIT margin of Unitary Cooling Products for comfort and commercial use segment fell from 12.59% to 10.49%.  Overall PBIT margin rose from 7.74% to 9.92%.  

Operating profit margin has jumped from 6.33% to 7.98%, leading to 35.38% rise in operating profit to Rs 420.54 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 44.99% to 49.39%.   Purchase of finished goods cost fell from 27.17% to 24.74%.   Employee cost decreased from 9.76% to 8.28%.   Other expenses fell from 11.42% to 9.98%.   

Other income fell 3.36% to Rs 151.99 crore.  PBIDT rose 22.36% to Rs 572.53 crore.  Provision for interest fell 15.07% to Rs 13.36 crore.  

PBDT rose 23.66% to Rs 559.17 crore.  Provision for depreciation rose 11.15% to Rs 27.81 crore.  

Profit before tax grew 24.39% to Rs 531.36 crore.  Share of profit/loss was 109.95% lower at Rs -81.46 crore.  Provision for tax was expense of Rs 126.61 crore, compared to Rs 98.29 crore.  Effective tax rate was 28.14% compared to 25.31%.

Minority interest decreased 28.57% to Rs 1.90 crore.  Net profit attributable to owners of the company increased 11.82% to Rs 321.39 crore.  

Promoters’ stake was 30.30% as of 31 December 2021, compared to 30.30% as of 31 December 2020.