Voltas Q3 Net Profit Plunges 35.7% Amidst Softer Demand, Low Margins

• Voltas reported a 35.7% year-on-year decline in Q3 net profit, reaching ₹84.9 crore, down from ₹132 crore last year.
• Revenue for the quarter decreased by 1.1% to ₹3,070 crore, falling short of CNBC-TV18's poll projection.
• EBITDA declined by 10.7% to ₹176.6 crore, but operating performance exceeded expectations, beating the poll estimate of ₹142 crore.
• Operating margin compressed to 5.7% from 6.4% YoY, yet it was well above the Street's expectation of 4.5%.
• Weak room air-conditioner demand due to winter and high dealer inventories, along with rupee depreciation and elevated copper prices, impacted results.

Why It Matters: Voltas' Q3 net profit dropped significantly due to soft demand and margin pressure, despite better-than-expected operating performance.