Integrated Filing — IndAS



General information about company
Scrip Code 500575
NSE Symbol VOLTAS
MSEI Symbol NOTLISTED
ISIN INE226A01021
Name of company VOLTAS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 08-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 01-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 08-Aug-2025   11:00:00
End date and time of board meeting 08-Aug-2025   15:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable No default



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 30814000000
Other income 1523900000
Total income 32337900000
2 Expenses
(a) Cost of materials consumed 16507200000
(b) Purchases of stock-in-trade 10684200000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -2586200000
(d) Employee benefit expense 1439100000
(e) Finance costs 80200000
(f) Depreciation, depletion and amortisation expense 171300000
(f) Other Expenses
1 Other Expenses 3624300000 3624300000
Total other expenses 3624300000
Total expenses 29920100000
3 Total profit before exceptional items and tax 2417800000
4 Exceptional items 0
5 Total profit before tax 2417800000
6 Tax expense
7 Current tax 322800000
8 Deferred tax 60200000
9 Total tax expenses 383000000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 2034800000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 2034800000
17 Other comprehensive income net of taxes 411000000
18 Total Comprehensive Income for the period 2445800000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 330800000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.15
Diluted earnings (loss) per share from continuing operations 6.15
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.15
Diluted earnings (loss) per share from continuing and discontinued operations 6.15
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. These results have been reviewed by the Board Audit Committee at Meeting held on 7th August, 2025 and approved by the Board of Directors at its Meeting held on 8th August. 2025. n2. In the year 2010, the Company through its Qatar Branch had entered into a sub-contract joinUy with a consortium partner, with a Main Contractor, in connection with a project awarded by the Ultimate client. In 201 4, the Main Contract between the Ultimate Client and the Main Contractor was terminated by the Ultimate Client, closer to the completion of the contract, citing delays and defects in execution and initiated arbitration proceedings against the Main Contractor. Accordingly, the Company had made a comprehensive assessment of the losses arising on account of the termination of the Main contract and had accounted for all probable losses on the sub-contract in the earlier years. nIn connection to the sub-contract, the Company had issued bank guarantees amounting to Rs. 392 crores OAR 166.6 million to the Main Contractor which have been disclosed as a contingent liability in the financial statements over the years. In June 2023, the Company was informed by its bankers that the Main Contractor had sought to invoke the said bank guarantees. However, due to certain deficiencies. in the invocation process, the guarantees were not honoured by the Bank, leading to the commencement of legal proceedings by the Main Contractor and the Company. The matter is currently sub-judice and the proceedings are currently ongoing between the Main Contractor, the Company and the Bank. As per the latest development, all parties including the Company have filed their respective appeals before the Court of Appeal Qatar which has remanded the matter back to the Court appointed Experts for a fresh review of the objections raised by the respective parties including the bank. In the meantime, the bank guarantees issued by the Company in favour of the Main Contractor continue to remain unencashed. The Company continues to re-assess its liability under the sub contract at each reporting date. Based on its ongoing assessment and legal advice obtained from independent counsel, the Company is confident that it has good grounds to defend any claims that may arise. Accordingly, no further provision has been considered in the financial results. The Company has taken all necessary steps, including legal remedies to safeguard and defend itself and is closely monitoring the developments as they may arise. n3) The Board of Directors of the Company at its Meeting held on 13th March 2025, approved transfer of overseas branches of the Company at Dubai and Abu Dhabi in UAE to Universal MEP Contracting L.L.C. UMCL Dubai, UAE, a step-down subsidiary of the Company on a slump sale basis through Business TransferAgreements BTAs to be executed between the Company and UMCL. The transaction is expected to be consummated by 31st March 2026 or such other date as mutually agreed between the Company and UMCL. n4) Figures of the quarter ended 31st March, 2025 are the balancing figures between audited figures in respect of the full financial year and the year to date figures upto the third quarter of the relevant financial year which were subjected to limited review by Auditors. n5) The Statutory Auditors of the Company have conducted a Limited Review of the aforesaid financial results.



Remarks
Debt equity ratio
Debt service coverage ratio The ratio is 33.28 times
Interest service coverage ratio 33.28 times


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Segment A - Unitary Cooling Products 28678600000 28678600000
2 Segment B - Electro Mechanical Projects and Services 1814800000 1814800000
Total Segment Revenue 30493400000
Less: Inter segment revenue
Revenue from operations 30493400000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Segment A - Unitary Cooling Products 1043700000 1043700000
2 Segment B - Electro Mechanical Projects and Services 282900000 282900000
Total Profit before tax 1326600000
i. Finance cost 80200000 80200000
ii. Other Unallocable Expenditure net off Unallocable income -1171400000 -1171400000
Profit before tax 2417800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment A - Unitary Cooling Products 51452300000 51452300000
2 Segment B - Electro Mechanical Projects and Services 7763400000 7763400000
Total Segment Asset 59215700000 59215700000
Un-allocable Assets 74283500000 74283500000
Net Segment Asset 133499200000 133499200000
4 Segment Liabilities
Segment Liabilities
1 Segment A - Unitary Cooling Products 34824000000 34824000000
2 Segment B - Electro Mechanical Projects and Services 5882900000 5882900000
Total Segment Liabilities 40706900000 40706900000
Un-allocable Liabilities 9025400000 9025400000
Net Segment Liabilities 49732300000 49732300000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit and loss 476500000 476500000
Total Amount of items that will not be reclassified to profit and loss 476500000
2 Income tax relating to items that will not be reclassified to profit or loss 65500000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 411000000