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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	07-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	01-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	07-May-2025   11:30:00
End date and time of board meeting	07-May-2025   15:50:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	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	47675600000	154127900000
	Other income	796900000	3244600000
	Total income	48472500000	157372500000
2	Expenses
(a)	Cost of materials consumed	24232800000	81259600000
(b)	Purchases of stock-in-trade	10328300000	40169700000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	2892600000	-1825400000
(d)	Employee benefit expense	2185000000	8900700000
(e)	Finance costs	232800000	621100000
(f)	Depreciation, depletion and amortisation expense	140500000	617800000
(f)	Other Expenses
1	Other Expenses	4709100000	14461500000
	Total other expenses	4709100000	14461500000
	Total expenses	44721100000	144205000000
3	Total profit before exceptional items and tax	3751400000	13167500000
4	Exceptional items	0	0
5	Total profit before tax	3751400000	13167500000
6	Tax expense
7	Current tax	1192400000	3692900000
8	Deferred tax	-117600000	-128200000
9	Total tax expenses	1074800000	3564700000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2676600000	9602800000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-319700000	-1260000000
16	Total profit (loss) for period	2356900000	8342800000
17	Other comprehensive income net of taxes	-776600000	338000000
18	Total Comprehensive Income for the period	1580300000	8680800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	2410250000	8413700000
	Total profit or loss, attributable to non-controlling interests	-53300000	-53300000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	1638200000	8747400000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-57900000	-66600000
21	Details of equity share capital
	Paid-up equity share capital	330800000	330800000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		64801700000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.28	25.43
	Diluted earnings (loss) per share from continuing operations	7.28	25.43
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	7.28	25.43
	Diluted earnings (loss) per share from continuing and discontinued operations	7.28	25.43
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes : n1) These results have been reviewed by the Board Audit Committee at its Meeting held on 5th May, 2025 and approved by the Board of Directors at its Meeting held on 7th May, 2025. n n2) The Group had through its Qatar Branch entered into a sub-contract along with a consortium partner with a Main Contractor in the year 2010. The Main Contract between the Ultimate Client and the Main Contractor was terminated by the Ultimate Client closer to the completion of the contract in 2014 citing delays and defects in execution and initiated arbitration proceedings against the Main Contractor for which the final award is pending. Accordingly, the Group had made a comprehensive assessment of the losses arising on account of such termination of the Main contract and cessation of work and accounted for all probable losses on the sub-contract in the earlier years. n nThe Group had issued bank guarantees amounting to Rs. 390 crores (QAR 166.6 million) to the Main Contractor which have been disclosed as a contingent liability over the years. In June 2023, the Group was intimated of a request received by the Bank from the Main Contractor for encashment of the said bank guarantees, which due to certain deficiencies was not paid by the Bank to the Main Contractor which led to commencement of legal proceedings. The matter is currently sub-judice and the proceedings are currently ongoing between the Main contractor, the Group and the Bank. As the latest development, all the parties including the Group had filed their respective appeals with the Court of Appeal (Qatar) which has remanded the case matter back to the Court appointed experts to review the objections raised by the respective parties including the bank. The bank guarantee continues to remain unencashed. The Group continues to re-assess its liability under the sub contract at each reporting date and based on such assessment and legal advice obtained from independent counsel, is confident that it has good grounds to defend any claims that may narise. 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. n n3) (a) During the year, Voltas Limited executed the Share Purchase Agreements with Universal MEP Projects Pie Limited (UMPPL), a step-down subsidiary of Voltas Limited, for transfer of the Company's investments in its overseas subsidiaries - Weathermaker FZE (Weathermaker) (100%), UAE, Saudi Ensas Company for nEngineering Services W.L.L. (Saudi Ensas), Kingdom of Saudi Arabia (92%) and Lalbuksh Voltas Engineering Services & Trading L.L.C. (Lalvol), Sultanate of Oman (20%) and transfer of shares has been completed. Subsequent to the transfer of these investments, the economic interest of the Voltas Limited in the subsidiary ncompanies so transferred continues to remain intact. n n(b) The Board of Directors of Voltas Limited at its Meeting held on March 13th, 2025, approved transfer of overseas branches of Voltas Limited at Dubai and Abu Dhabi in UAE to Universal MEP Contracting L.L.C. ('UMCL'), Dubai, UAE, a step-down subsidiary of Voltas Limited on a slump sale basis through Business Transfer Agreements ('BTAs') to be executed between Voltas Limited and UMCL on or before 30th June, 2025. The transaction is expected to be consummated by 30th September 2025 or such other date as mutually agreed between the Voltas Limited and UMCL. n n4) Figures of the quarter ended 31st March, 2025 and 31st March, 2024 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 subject n n5) The Board of Directors have recommended a dividend of Rs. 7/- per share of Rs. 1/- each (700%) for the year 2024-25.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	8198200000
	Capital work-in-progress	823500000
	Investment property	439400000
	Goodwill	723100000
	Other intangible assets	34000000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	2069900000
	Non-current financial assets
	Non-current investments	26375600000
	Trade receivables, non-current	0
	Loans, non-current	700000
	Other non-current financial assets	2372300000
	Total non-current financial assets	28748600000
	Deferred tax assets (net)	443700000
	Other non-current assets	1260600000
	Total non-current assets	42741000000
2	Current assets
	Inventories	27148100000
	Current financial asset
	Current investments	3986600000
	Trade receivables, current	25114700000
	Cash and cash equivalents	6497900000
	Bank balance other than cash and cash equivalents	284500000
	Loans, current	10400000
	Other current financial assets	8425500000
	Total current financial assets	44319600000
	Current tax assets (net)	0
	Other current assets	17311500000
	Total current assets	88779200000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	131520200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	330800000
	Other equity	64801700000
	Total equity attributable to owners of parent	65132500000
	Non controlling interest	270500000
	Total equity	65403000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3822800000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	415300000
	Total non-current financial liabilities	4238100000
	Provisions, non-current	952100000
	Deferred tax liabilities (net)	583200000
	Deferred government grants, Non-current	0
	Other non-current liabilities	288800000
	Total non-current liabilities	6062200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	4810200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	3950700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	34977400000
	Total Trade payable	38928100000
	Other current financial liabilities	3647200000
	Total current financial liabilities	47385500000
	Other current liabilities	9103300000
	Provisions, current	2398100000
	Current tax liabilities (Net)	1168100000
	Deferred government grants, Current	0
	Total current liabilities	60055000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	66117200000
	Total equity and liabilites	131520200000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Segment - A ( Unitary Cooling Products )	34584300000	106139200000
2	Segment - B ( Electro - Mechanical Projects and Services )	11375200000	41567900000
3	Segment - C ( Engineering Products and Services )	1320900000	5692400000
	Total Segment Revenue	47280400000	153399500000
	Less: Inter segment revenue	0	0
	Revenue from operations	47280400000	153204500000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Segment - A ( Unitary Cooling Products )	3447700000	8923000000
2	Segment - B ( Electro - Mechanical Projects and Services )	-17300000	1686400000
3	Segment - C ( Engineering Products and Services )	340600000	1553100000
	Total Profit before tax	3771000000	12162500000
	i. Finance cost	552500000	552500000
	ii. Other Unallocable Expenditure net off Unallocable income	-213200000	-213200000
	Profit before tax	3431700000	11907500000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Segment - A ( Unitary Cooling Products )	51291100000	51291100000
2	Segment - B ( Electro - Mechanical Projects and Services )	28306700000	28306700000
3	Segment - C ( Engineering Products and Services )	2132300000	2132300000
	Total Segment Asset	81730100000	81730100000
	Un-allocable Assets	49790200000	49790200000
	Net Segment Asset	131520300000	131520300000
4	Segment Liabilities
	Segment Liabilities
1	Segment - A ( Unitary Cooling Products )	30506600000	30506600000
2	Segment - B ( Electro - Mechanical Projects and Services )	21701700000	21701700000
3	Segment - C ( Engineering Products and Services )	1205100000	1205100000
	Total Segment Liabilities	53413400000	53413400000
	Un-allocable Liabilities	12703800000	12703800000
	Net Segment Liabilities	66117200000	66117200000
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	Share of profit/ (loss) of Joint ventures a.nd associates (net of tax) under Segement Results is adjusted against Finance Cost and net amount is reported.

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	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	-946600000	451600000
	Total Amount of items that will not be reclassified to profit and loss	-946600000	451600000
2	Income tax relating to items that will not be reclassified to profit or loss	-127800000	94600000
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	-42200000	19000000
5	Total Other comprehensive income	-776600000	338000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			13167500000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			621100000
	Adjustments for decrease (increase) in inventories			-5794200000
	Adjustments for decrease (increase) in trade receivables, current			-1908900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-5249700000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-636600000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1399700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-159800000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			617800000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			285700000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			1132300000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-100700000
	Adjustments for dividend income			95600000
	Adjustments for interest income			908100000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-1560200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-1260000000
	Other adjustments for non-cash items			55600000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			1260000000
	Total adjustments for reconcile profit (loss)			-12301600000
	Net cash flows from (used in) operations			865900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			3107000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-2241100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			1024100000
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			174400000
	Purchase of property, plant and equipment			2081800000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			167500000
	Interest received			787800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			3555600000
	Net cash flows from (used in) investing activities	1579400000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			4535800000
	Repayments of borrowings			3035900000
	Payments of lease liabilities			142000000
	Dividends paid			1819900000
	Interest paid			535100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-997100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1658800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-5200000
	Net increase (decrease) in cash and cash equivalents			-1664000000
	Cash and cash equivalents cash flow statement at beginning of period			8161900000
	Cash and cash equivalents cash flow statement at end of period			6497900000