Voltas Ltd (NSE:VOLTAS)

Q3 2025 Voltas Ltd Earnings Call Transcript

Jan 30, 2025 / 10:30AM GMT

Release Date Price: ₹1269.3 (-13.89%)

Transcript

Key Points

Positve

Voltas Ltd (BOM:500575) reported an 18% increase in consolidated total income for the quarter, reaching INR3,164 crores compared to INR2,684 crores in the same quarter last year.
Profit before tax soared by 699% to INR191 crores from INR24 crores, and net profit after tax increased to INR131 crores from a loss of INR28 crores in the corresponding quarter last year.
The company achieved a 28% increase in consolidated total income for the nine-month period, reaching INR10,890 crores, marking the highest ever nine-month profit in the company's history.
Voltas Ltd (BOM:500575) continues to lead the market in both split and window air conditioners, with a market share of 20.5% as of December 2024.
The VoltBek Home Appliances JV reported a volume growth of 59% in the quarter and 56% in the nine months, with significant market share improvements in washing machines and refrigerators.

Negative

The commercial refrigeration segment faced challenges, with reduced capital expenditure by customers leading to a drop in margins.
Elevated commodity prices and a steep depreciation of the USD-INR exchange rate impacted profitability.
The commercial air conditioning vertical experienced margin compression due to a slower ramp-up of production in the new factory.
Voltas Ltd (BOM:500575) faced pressure on UCP margins due to increased spending on advertising and in-shop demonstrators to maintain market share.
The international projects segment did not secure new orders during the period, focusing instead on consolidating existing operations and collections.

Operator

Ladies and gentlemen, good day and welcome to Voltas Limited 3Q FY25 earnings conference call.

(Operator Instructions)

Please note that this conference is being recorded. Participants in the call, please note that the duration of the call will be only for 45 minutes. I now hand the conference over to Mr. Krishnan, Head of Research from Nirmal Bang Institutional Equities. Thank you and over to you, sir.

Krishnan Sambamoorthy

Nirmal Bang Securities Pvt. - Analyst

Thanks, Seema. On behalf of Nirmal Bang Equities, I welcome you all to the 3Q FY25 result conference call of Voltas Limited. The Voltas management is being represented by Mr. Pradeep Bakshi, MD and CEO; Mr. Jitender Verma, CFO; Mr. Nikhil Chandarana, Head, Corporate Finance; and Mr. Vaibhav Vora, Head Treasury. Over to the management for opening comments.

Jitender Verma

Voltas Ltd - Chief Financial Officer, Executive Vice President

Hi, good afternoon, everyone. This is Jitender, and I'll give a brief snapshot of our numbers for this

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