NCLAT Upholds NCLT Order, Rejects Insolvency Plea Against Voltas
A two-member NCLAT bench upheld the order of NCLT, which earlier rejected the petition on the grounds of a pre-existing dispute
A two-member NCLAT bench upheld the order of NCLT, which earlier rejected the petition on the grounds of a pre-existing dispute
Voltas reported a 74% drop in Q2 profit as weak summer demand and GST-linked purchase deferrals hit sales, with revenue and margins falling short of estimates.
The net profit declined to Rs 140.61 crore in the first quarter of the current fiscal year (Q1FY26) from Rs 335 crore in Q1FY25
The company says that it is evaluating this matter and will submit its reply within the prescribed time period
India Meteorological Department’s (IMD) forecast of a more than longer heatwave this summer, has given a reason to cheer for the air conditioner manufacturers. AC makers in India are ready with their stocks and are also launching a new range of summer appliances for the mass market. Voltas achieved the highest ever AC sales in […]
Voltas, a leading player in the residential air conditioner market, has achieved a milestone by surpassing the two million units mark in AC sales during the fiscal year 2023-24. This marks a 35 per cent growth compared to the previous fiscal year, making Voltas the first company in India’s domestic market to achieve this feat […]
Voltas, a Tata Group-owned consumer appliance firm, recorded a consolidated net loss of Rs 27.60 crore in the third quarter (Q3) ended December 2023, compared to a net loss of Rs 110.49 crore in the same time the previous fiscal year, according to a BSE filing. However, the company’s overall income increased by 31.8 per […]
Tata Group is considering the possibility of selling the home appliance division of Voltas, due to challenges encountered in expanding this business in a fiercely competitive market. According to sources cited by Bloomberg, the management of Tata Group is currently engaged in discussions regarding this potential sale and has not yet arrived at a decision […]