Voltas surges on cooling products-led beat in earnings

May 30 2014, 10:52 IST
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SummaryVoltas' March-quarter profit grew to Rs 1 billion from Rs 89 million in the same quarter last year.

Shares in Voltas Ltd surge 4 percent after Jan-March earnings came in sharply ahead of some analysts estimates, led by strong margin expansion in its cooling products business.

Jan-March margins for cooling products rose to 16.8 per cent from 12.8 percent in the same quarter last year, Reuters calculations from company data show.

Voltas' March-quarter profit grew to 1 billion rupees from 89 million rupees in the same quarter last year.

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