Voltas falls after reporting poor Q4 numbers

The stock price of Voltas tumbled about 9 per cent intraday on Friday after the company reported poor Q4 numbers.

The company’s consolidated total income for the fourth quarter of FY18 was at Rs. 2,092 crore as compared to Rs. 2,098 crore in the corresponding quarter last year. The company witnessed a 3 per cent fall in its consolidated net profit at Rs. 194 crore Q4 FY18 as against Rs. 200 crore in the same quarter last year.

The board of the company has recommended a dividend of Rs. 4 per share on face value of Rs. 1 per share for the year 2017-18.

At 11:20 hrs, Voltas was trading at Rs 546.60 per share, down Rs. 36.60 or 6.28 per cent on NSE. The scrip opened at Rs. 550.60 and touched an intraday low of Rs. 531.10 per share on NSE. The scrip has a 52-week high of Rs. 675.30 and a 52-week low of Rs. 403.40 per share on NSE. The stock attracted a trading volume of 97,65,223 shares on NSE.