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Total income slipped 19.60% year on year to Rs 4,020.65 in the first quarter of FY26. Profit before tax stood at Rs 202.72 crore in Q1 FY26, down 55.10% as against Rs 451.52 crore in Q1 FY25. On segmental front, revenue from unitary cooling products stood at Rs 2,867.86 crore (down 24.57% YoY), revenue from electro-mechanical projects and services stood at Rs 921.83 crore (down 2.87% YoY) and revenue from engineering products and services stood at Rs 135.44 crore (down 15.70% YoY), during the quarter. Pradeep Bakshi, MD & CEO, Voltas, said, 'The first quarter of FY26 presented certain challenges, particularly due to unseasonal weather and shifting consumer sentiment. While these factors impacted our seasonal product categories, our core strengths'market leadership, operational resilience, and strategic agility'remain intact. We view this as a one-off situation and are confident that our ongoing investments in innovation, channel expansion, and customer-centricity will enable us to overcome short-term headwinds and continue delivering sustainable growth in the quarters ahead'. Voltas is a premier air conditioning and engineering solutions provider and a projects specialist. The company is part of the Tata Group. In addition to room air conditioners, it also has air coolers, air purifiers, water dispensers, water coolers, commercial refrigeration and commercial air conditioning products in its portfolio. Powered by Capital Market - Live News |