Voltas Q3 FY26: 9M profit halves on weak revenue, Labour Code hit
VOLTAS · price
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On the reaction day the stock moved 2.0 pts less than Nifty Midcap 150 and 3.7 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Voltas Q3 FY26: consolidated Total Income Rs 3,120 crores (flat YoY); 9M income Rs 9,552 crores, down 12%. Net profit fell to Rs 84 crores in Q3 (vs Rs 131 crores) and Rs 257 crores for 9M (vs Rs 599 crores, down 57%). Cooling segment held steady but Electro-Mechanical projects weakened. Results include Rs 26.5 crores exceptional charge for new Labour Codes. Ongoing Qatar litigation over Rs 410 crore bank guarantee remains a key risk.
Weak earnings across periods on sluggish demand and one-time Labour Code hit; cooling stable but near-term outlook cautious