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 Consolidated
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



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 Consolidated
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 39385800000
Other income 820700000
Total income 40206500000
2 Expenses
(a) Cost of materials consumed 22096500000
(b) Purchases of stock-in-trade 11176500000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -2477100000
(d) Employee benefit expense 2305100000
(e) Finance costs 135300000
(f) Depreciation, depletion and amortisation expense 184700000
(f) Other Expenses
1 Other Expenses 4499500000 4499500000
Total other expenses 4499500000
Total expenses 37920500000
3 Total profit before exceptional items and tax 2286000000
4 Exceptional items 0
5 Total profit before tax 2286000000
6 Tax expense
7 Current tax 589800000
8 Deferred tax 31300000
9 Total tax expenses 621100000
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 1664900000
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 -258800000
16 Total profit (loss) for period 1406100000
17 Other comprehensive income net of taxes 469900000
18 Total Comprehensive Income for the period 1876000000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1404600000
Total profit or loss, attributable to non-controlling interests 1500000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1873500000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2500000
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 4.25
Diluted earnings (loss) per share from continuing operations 4.25
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 4.25
Diluted earnings (loss) per share from continuing and discontinued operations 4.25
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 its 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 Group through its Qatar Branch had entered into a sub-contract jointly with a consortium partner, with a Main Contractor, in connection with a project awarded by the Ultimate client. In 2014, the Main Contract between the Ultimate Client and the Main Contractor was terminated by the Ultimate Client, closerto the completion of the contract, citing delays and defects in execution and initiated arbitration proceedings against the Main Contractor. Accordingly, the Group 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 subcontract in the earlier years. nIn connection to the subcontract, the Group 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 Group 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 Group. The matter is currently subjudice and the proceedings are currently ongoing between the Main Contractor, the Group and the Bank. As per the latest development, all parties including the Group 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 Group in favour of the Main Contractor continue to remain unencashed. The Group 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 Group 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 Group 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 Transfer nAgreements 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. This transaction has no impact on consolidated results. 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 17.35 times
Interest service coverage ratio The ratio is 17.35 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 Consolidated
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 9218300000 9218300000
3 Segment C - Engineering Products and Services 1354400000 1354400000
Total Segment Revenue 39251300000
Less: Inter segment revenue 128400000 128400000
Revenue from operations 39122900000
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 492400000 492400000
3 Segment C - Engineering Products and Services 401100000 401100000
Total Profit before tax 1937200000
i. Finance cost 394100000 394100000
ii. Other Unallocable Expenditure net off Unallocable income -484100000 -484100000
Profit before tax 2027200000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment A - Unitary Cooling Products 51452400000 51452400000
2 Segment B - Electro Mechanical Projects and Services 29318500000 29318500000
3 Segment C - Engineering Products and Services 2063100000 2063100000
Total Segment Asset 82834000000 82834000000
Un-allocable Assets 54494100000 54494100000
Net Segment Asset 137328100000 137328100000
4 Segment Liabilities
Segment Liabilities
1 Segment A - Unitary Cooling Products 34824000000 34824000000
2 Segment B - Electro Mechanical Projects and Services 21622500000 21622500000
3 Segment C - Engineering Products and Services 1036600000 1036600000
Total Segment Liabilities 57483100000 57483100000
Un-allocable Liabilities 12559500000 12559500000
Net Segment Liabilities 70042600000 70042600000
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 Consolidated
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 467400000 467400000
Total Amount of items that will not be reclassified to profit and loss 467400000
2 Income tax relating to items that will not be reclassified to profit or loss 63200000
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 -65700000
5 Total Other comprehensive income 469900000