Highlights

• Voltas reported consolidated total income of ₹2,412 crore for Q2 FY26 and ₹6,433 crore for H1 FY26.
• Net profit stood at ₹32 crore for the quarter and ₹172 crore for the half year.
• The company maintained category leadership while advancing its diversified businesses across cooling and engineering solutions.

Voltas Limited (NSE:VOLTAS), part of the Tata Group and a leading air conditioning brand in India, announced its consolidated results for the quarter and six months ended 30 September 2025. The period saw subdued demand conditions due to seasonal variations and GST-related deferments. Despite these external factors, the company continued to advance its operational priorities and retained its position across core categories.

Financial Performance Overview

For the quarter ended 30 September 2025, Voltas recorded consolidated total income of ₹2,412 crore, compared with ₹2,725 crore in the same quarter last year. Profit Before Tax for the period was ₹54 crore, compared with ₹205 crore a year earlier, while Net Profit stood at ₹32 crore, versus ₹133 crore in Q2 FY25.

For the six-month period, consolidated total income was ₹6,433 crore, compared with ₹7,726 crore in the corresponding period of the previous year. Profit Before Tax came in at ₹257 crore, compared with ₹657 crore in H1 FY25, and Net Profit totalled ₹172 crore, compared with ₹468 crore in the previous year.

Unitary Cooling Products: Demand Shifts and Portfolio Expansion

The Unitary Cooling Products segment experienced a transitional quarter marked by early monsoon conditions and GST rate adjustments, which contributed to deferred purchasing and higher inventory across channels. While these developments influenced quarterly volumes and margins, Voltas achieved sequential market share improvement within the segment.

New facilities in Chennai and Waghodia are in the process of scaling up, and their current under-absorption is expected to normalise as production expands. Adjacent product categories, including air coolers, water heaters, and fans, continued to progress, supported by wider distribution and an updated product range.

Voltbek, the company’s joint venture brand, continued to advance, gaining market share in washing machines, refrigerators, and small domestic appliances. With a combination of flexible manufacturing and a broad retail footprint, Voltbek improved its positioning within the home appliance market during the half-year period.

Electro-Mechanical Projects and Services: Continued Execution

The Electro-Mechanical Projects and Services segment supported the company’s diversified earnings profile. Domestic projects advanced across mechanical, electrical, water, and solar solutions, while international operations continued to prioritise disciplined execution and delivery timelines. The segment contributed positively to profit before tax for both the quarter and the half year.

Engineering Products and Services: Consistent Operations

The Engineering Products and Services segment delivered steady performance, supported by mining and construction equipment activity and stable outcomes in textile machinery. Aftersales services remained a dependable contributor to the segment’s overall profitability.

Outlook

Voltas aims to continue progressing on its operational roadmap with focus across cooling solutions, project businesses, and engineering operations. The company remains committed to advancing product innovation, manufacturing capabilities, and channel presence while navigating sectoral developments in upcoming quarters.

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