Voltas Ltd. News and Updates

Name: Latest research reports of Voltas Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Voltas Ltd.
Rating: 5
Author: HDFC Securities

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Voltas Ltd.

21 Nov 2016

1366.70

0.46%

Voltas: Near-term challenges increase

Business Standard

Voltas' earnings prospects, particularly its unitary cooling products business has been offsetting the weak show of the company's non-retail businesses

Prabhudas Lilladhar increased Hold price target of Voltas Ltd. to 1441.0 on 22 Sep, 2025.

Voltas Ltd.

21 Nov 2016

1366.70

0.46%

Voltas (2QFY17): Reasonable valuation; upgrade to BUY

Buy: Voltas Ltd.

Recommendation Target

HDFC Securities

Voltas 2QFY17 results were in line, led by 13.5% YoY growth in the UCP segment. EMP segment performance continued to be muted (revenues degrew 15% YoY, 1% EBIT margin). However management guided for improved performance in FY18E as it plans to close most legacy projects by FY17 end.

Voltas Ltd. has an average target of 1433.29 from 7 brokers.

Voltas Ltd.

21 Nov 2016

1366.70

0.46%

Result Update:Voltas

Hold: Voltas Ltd.

Axis Direct

Voltas reported 7% YoY increase in PAT to Rs 721 mn(our est. Rs 730 mn). Unitary cooling division (45% of revenue) continued its steady performance (13% YoY revenue growth and 60 bps improvement in EBIT margin to 12%), which was offset by lackluster performance by MEP division (46% of revenue).

Voltas Ltd.'s price crossed above 50Day SMA today

Voltas Ltd.

21 Nov 2016

1366.70

0.46%

Voltas Ltd

Buy: Voltas Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Voltas' Q2FY17 consolidated revenues de-grew ~6% YoY to ~| 982 crore mainly due to fall in revenue from EMPS and EPS segment by ~15% and ~22% YoY, respectively. However, ~14% YoY growth in UCP segment revenue (driven by festive demand) helped partly offset the decline in consolidated revenue. Further, while Voltas witnessed significant growth in secondary sales volumes (of cooling products) in Q1, Q2FY17 saw higher demand from channel partners,...