Voltas, a leading name in air-conditioning and engineering solutions, has posted an impressive financial performance for Q4 FY25, marking a significant rise in both profit and income.
This surge in profits reflects strong growth across various business segments and enhanced operational efficiency. Let’s break down the numbers and understand what made Voltas’ Q4 results stand out.
Strong Q4 FY25 performance
Voltas reported a net profit of ₹236 crore for the January-March 2025 quarter, more than double the ₹111 crore posted in the same quarter of FY24. The company’s total income for the quarter reached ₹4,847 crore, reflecting a 13.8% year-on-year growth from ₹4,257 crore in Q4 FY24.
This significant improvement in profit and income was largely driven by the Unitary Cooling Products (UCP) segment, which continues to thrive, and the company’s strong performance in the Electro-mechanical Projects and Services (EMPS) segment.
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Q4 FY25 financial highlights
| Metric | Q4 FY25 (₹ crore) | Q4 FY24 (₹ crore) | Growth (%) |
| Total Income | 4,847 | 4,257 | 13.8% |
| Revenue from Operations | 4,728 | 4,257 | 12.77% |
| Operating Profit (EBITDA) | 332.8 | 191 | 74.6% |
| Operating Margin | 7% | 4.5% | – |
| Total Expenses | 4,472.1 | 4,042.6 | 10.56% |
| Net Profit | 236 | 111 | 112% |
Voltas’ operating profit saw an impressive increase of 74.6%, reaching ₹332.8 crore, driven by improved operating margins. The operating margin stood at 7%, up from 4.5% in Q4 FY24.
Full-year performance for FY25
For FY25, Voltas reported a multi-fold increase in net profit, with the figure surging to ₹834 crore from ₹248 crore in FY24. The company’s total consolidated income for FY25 crossed ₹15,000 crore, reaching ₹15,737 crore, marking a robust 23.57% year-on-year growth.
FY25 full-year highlights
| Metric | FY25 (₹ crore) | FY24 (₹ crore) | Growth (%) |
| Total Income | 15,737 | 12,736 | 23.57% |
| Revenue from Operations | 14,728 | 12,539 | 17.45% |
| EBITDA | 1,250 | 1,042 | 19.94% |
| Earnings per Share (EPS) | 24.6 | 7.4 | – |
| Net Profit | 834 | 248 | 236% |
This marks the highest annual profit in the company’s history, a testament to its solid growth strategy and operational efficiency.
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Business segments performance
Unitary cooling products (UCP): The Unitary Cooling Products business, which includes air conditioners, room coolers, and other cooling products, has continued to drive Voltas’ growth. This segment saw a massive 36% growth in volume for FY25. In fact, air coolers saw an even bigger jump in growth, with volumes rising over 70%.
Electro-mechanical projects and services (EMPs): Voltas’ Electro-mechanical Projects and Services segment also performed well, with revenue increasing by 13% to ₹4,157 crore in FY25. Losses in this segment were reduced from ₹108 crore to just ₹2 crore, thanks to better project execution and improved order booking.
Engineering products and services (EPC): However, the Engineering Products and Services segment faced some challenges in FY25 due to macroeconomic factors and industry-specific hurdles. Revenue in this segment dropped to ₹569 crore from ₹588 crore in the previous year, but this decline was offset by strong performances in the other segments.
Despite some challenges in the Engineering Products and Services segment, the overall performance has been strong enough to warrant optimism from investors.
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Dividend announcement
In line with the strong performance, the Voltas board has recommended a dividend of ₹7 per share for FY25, a 700% payout on the face value of ₹1 per share. This dividend is subject to approval at the upcoming Annual General Meeting (AGM).
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Conclusion
Voltas’ impressive Q4 FY25 results, along with strong full-year performance, demonstrate the company’s ability to grow even in challenging market conditions. The double-digit profit growth, coupled with effective cost management, has positioned the company well for the future.
With a solid dividend payout, robust revenue growth, and a growing footprint in the cooling products market, Voltas remains a key player in the air conditioning and engineering solutions sector.
Investors will be keenly watching the company’s continued expansion in both domestic and international markets, particularly in high-demand sectors such as unitary cooling products and electro-mechanical projects.
