Voltas shares tumbled 11.40 per cent to ₹1,306.05 on the NSE as we speak following disappointing third-quarter margins and the announcement of upcoming management adjustments. The Tata Group firm’s Unitary Cooling Merchandise phase recorded its lowest margin in a decade at 5.9 per cent for Q3 FY2025.
Whereas the corporate returned to profitability with a internet revenue of ₹132 crore in Q3, in comparison with a ₹30 crore loss in the identical quarter final 12 months, it fell wanting market expectations of ₹155 crore. Income grew 18 per cent year-on-year to ₹3,105 crore, exceeding analysts’ estimates of ₹3,015 crore.
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The corporate’s general EBITDA margin of 6.4 per cent missed the projected 7.1 per cent, contributing to damaging market sentiment. In a major administration change, Managing Director and CEO Pradeep Bakshi introduced he wouldn’t search reappointment when his time period ends in August 2025. The board has authorized Mukundan Menon as the brand new Managing Director and Sonia Singh as a further director and non-executive unbiased director, topic to shareholder approval.
