Voltas (VOLTAS) Q4 24/25 earnings summary

Executive summary

• Achieved record annual consolidated revenue of INR 15,737 crore, up 24% year-over-year, and net profit of INR 834 crore, up 236%, marking the highest-ever profit.

• Board approved audited standalone and consolidated financial statements for FY25 and Q4 FY25, with unmodified audit opinions.

• Dividend of Rs. 7 per share (700%) recommended for FY25, subject to shareholder approval.

• Surpassed 2.5 million AC units sold, over 500,000 air coolers, and 1 million Voltas Beko refrigerators and washing machines, reinforcing leadership in key categories.

• Maintained a strong balance sheet and continued profitable growth in domestic and stable international projects businesses.

Financial highlights

• FY25 consolidated total income: INR 15,737 crore (+24% YoY); Q4: INR 4,847 crore (+14% YoY).

• FY25 net profit: INR 834 crore (+236% YoY), highest in company history; Q4 net profit: INR 236 crore (+113% YoY).

• Standalone FY25 revenue: INR 11,696 crore; net profit: INR 777 crore, up from INR 604 crore in FY24.

• EPS for FY25: INR 25.43 (consolidated), INR 23.48 (standalone); Q4 EPS: INR 7.28.

• Dividend payout of Rs. 7 per share recommended for FY25.

Outlook and guidance

• Optimistic for continued strong demand across product categories, supported by consumer sentiment and strategic initiatives.

• Unitary Cooling Products segment expects continued growth, maintaining market leadership in air conditioners.

• Domestic Projects business maintains a positive outlook with expanding order book.

• Double-digit industry growth expected, though exact figures depend on summer season length and intensity.

• Commercial AC and refrigeration segments expected to see more than double-digit growth, driven by infrastructure and cold chain demand.