Voltas Faces Mumbai GST Inspection, Assures No Major Operational Impact
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Voltas faces GST inspection in Mumbai; Q3 profit drops 35.7%, shares fall 2.60%
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CNBC TV18•13-03-2026, 18:54
Voltas faces GST inspection in Mumbai; Q3 profit drops 35.7%, shares fall 2.60%
•Voltas Ltd is undergoing a GST inspection at its Chinchpokli office in Mumbai, initiated on March 12, 2026, under the Maharashtra Goods and Services Tax Act, 2017.
•The company is cooperating with authorities and states there is no material impact on its financials, operations, or activities so far.
•Voltas reported a 35.7% year-on-year decline in net profit to ₹84.9 crore for the third quarter, while revenue slipped 1.1% to ₹3,070 crore.
•EBITDA declined 10.7% to ₹176.6 crore, but operating performance was stronger than expected, with margins at 5.7% exceeding Street's expectations.
•Shares of Voltas Ltd closed down 2.60% at ₹1,411.85 on the BSE following the news and results.
