Voltas Q2: Profit jumps 56% as Noel Tata steps down

VOLTAS Voltas delivered a strong second-quarter performance even as it announced a key leadership transition. Consolidated net profit rose 55.9% year-on-year to Rs 53 crore, while revenue from operations grew 15.3% to Rs 2,706 crore. EBITDA surged 82.9%, with margins expanding meaningfully on the back of improved profitability in the unitary cooling products ***** results were accompanied by news that Noel Tata will step down as Chairman and Director with effect from November 11, 2026. Sunil Alaric D’Souza, currently Managing Director and CEO of Tata Consumer Products, has been appointed as the new Chairman and will take charge from November 12. Tata will continue as Chairman Emeritus.