ABOUT THE COMPANY
Voltas is one of the world's premier engineering solutions providers and project specialists. Founded in India in 1954, Voltas Limited offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
Voltas, the second largest AC brand in India. The stock is fairly fancied among the investors and traders in the capital market.
ABOUT THE FINANCIALS
The company has posted results as per expectation for Q3FY11.On a YoY 5% rise in net sales, it reported a 10% drop in net profit. As these company have cylical and seasonal pattern so there results move on a defined pattern for all four quarters. It plans to penetrate the market with 70 new ACs in the market this season and hopes to increase its market share from the present 19%.
NEWS FLASH
1. A 50:50 JV with Riyadh based company for execution of electro mechanical projects in the country is expected to go on stream by April 2011. 2. The company has recently announced introduction of new ACs of 0.75 tonnes to 3 tonnes capacities, adding 5 new models with 20 variants to its existing line-up.
MY VIEW
The stock is a good investment option, for short term specially when the season is ahead. The 4th quarter results will be surely better then 3rd quarter and some benefit would also be shared with the shareholder with a hike in stock price.
