VOLTAS2024-04-012024-06-30 VOLTAS2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member VOLTAS2024-06-30 VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue03Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults01Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults02Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults03Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets01Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets02Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets03Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member VOLTAS2024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member VOLTAS2024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member VOLTAS2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member VOLTAS2024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member VOLTAS2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member VOLTAS2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member VOLTAS2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500575 VOLTAS NOTLISTED Voltas Limited Equity 2024-04-01 2025-03-31 2024-08-12 2024-08-09 INR Crores First quarter 07:30:00 08:20:00 2024-08-12 2024-08-12 Not applicable Multi segment 2024-04-01 2024-06-30 Unaudited Consolidated 49210200000.00 802500000.00 50012700000.00 17223900000.00 16520800000.00 5177600000.00 2022700000.00 97500000.00 134300000.00 4027200000.00 45204000000.00 4808700000.00 0.00 4808700000.00 1180000000.00 -14800000.00 1165200000.00 0.00 3643500000.00 0.00 0.00 0.00 -293500000.00 3350000000.00 853800000.00 4203800000.00 3342300000.00 7700000.00 4196200000.00 7600000.00 330800000.00 1 10.10 10.10 0.00 0.00 10.10 10.10 Notes: 1. These results have been reviewed by the Board Audit Committee at Meeting held on 11th August, 2024 and approved by the Board of Directors at its Meeting held on 12th August, 2024. 2. The Group had entered into a sub-contract along with a consortium partner with a Main Contractor, through its branch in Qatar in the year 2010. The Main Contract between the Ultimate customer and the Main Contractor was terminated closer to the completion of the contract in 2014 citing delays and defects in execution and non- compliance of contractual terms by the Main Contractor leading to arbitration between the Main Contractor and the Ultimate customer, for which, the final award is pending. The Group had performed 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. The Group had issued bank guarantees amounting to Rs.381 crores (QAR 166.6 million) to the Main Contractor which has 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 and the matter is under litigation between the Main Contractor and the Bank. Further, the Group and the Main Contractor have filed claims and counter claims against each other with Investment and Trade Court (Qatar) and a panel of Experts have been appointed to independently assess the claims. In view of the claim lodged for encashment of the bank guarantees and related developments, the Group has re-assessed its liability under the sub-contract and basis such internal assessment on technical merits of the case and a report submitted by an independent technical expert including legal opinion by an independent lawyer on the contractual aspects, is confident that it has good grounds to defend any claims that may arise on the Group. Accordingly, no further provision has been considered in the above financial results. The Group has taken all necessary steps, including legal remedies to safeguard and defend itself. The matter is sub-judice and the Group is closely monitoring the developments as they arise. 3. Figures of the quarter ended 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 subjected to limited review by Auditors. 4. The Statutory Auditors of the Company have conducted a Limited Review of the aforesaid financial results. Other Expenses 4027200000.00 Segment - A (Unitary Cooling Products) 38021700000.00 Segment - C (Engineering Products and Services) 1607800000.00 Segment -B (Electro - Mechanical Projects and Services) 9491300000.00 49120800000.00 81700000.00 49039100000.00 Segment - A (Unitary Cooling Products) 3270200000.00 Segment - C (Engineering Products and Services) 448400000.00 Segment -B (Electro - Mechanical Projects and Services) 674900000.00 4393500000.00 97500000.00 -219200000.00 Notes: 1. Segment A is seasonal in nature with sales generally being highet in the first quarter. 4515200000.00 Segment - A (Unitary Cooling Products) 32359000000.00 Segment - C (Engineering Products and Services) 1910300000.00 Segment -B (Electro - Mechanical Projects and Services) 23979800000.00 58249100000.00 64254900000.00 122504000000.00 Segment - A (Unitary Cooling Products) 28242200000.00 Segment - C (Engineering Products and Services) 1272100000.00 Segment -B (Electro - Mechanical Projects and Services) 19751900000.00 49266200000.00 10491900000.00 59758100000.00 Items that are not to be reclassified to profit and loss 1025100000.00 Income Tax will be reclasiified to profit and loss -112300000.00 912800000.00 0.00 Items that will be reclassified to profit and loss -59000000.00 -59000000.00 0.00