Consumer Electronics firm Voltas announced Q1FY23 Result : The Consolidated Total Income for the quarter ended 30th June, 2022 was higher by 50% at Rs. 2795 acres as compared to Rs. 1860 crores in the corresponding quarter last year. Profit before share of profit / loss of joint ventures/associates and tax was at Rs 191 crores as compared to Rs 199 crores last year. Profit before tax (PBT) was at Rs.160 crores as compared to Rs. 168 crores in the corresponding quarter last year. Net Profit (after tax) was at Rs. 110 crores as compared to Rs. 122 crores in the corresponding quarter last year. Earnings per Share (Face Value per share of Re. 1) (not annualized) as at June 30, 2022 was Rs. 3.29 compared to Rs. 3.68 last year. Unitary Cooling Products: Momentum of Sales continued from Q4 exit of last fiscal with high demand due to heat waves across India. Unitary Cooling Products business made good recovery and achieved overall volume growth of 111% over the corresponding quarter last year. Voltas continues to be the market leader and is at No.1 position in ACs with exit market share of 24.1% as of June 2022. Voltas also leads Inverter Market Share at 21.8% ahead by almost 300 bps over 2nd player. On back of the volume growth, Gross Segment Revenue increased by 125% and was at Rs. 2162 crores as compared to Rs. 963 crores in the corresponding quarter last year. Segment Results grew by 41% and was at Rs. 166 crores as compared to Rs. 118 crores in the corresponding quarter last year. Result PDF