Voltas (VOLTAS) Q4 Results: Decline in Net Profit by 19% to ₹116 Crore, Dividend Announced

• Voltas, the air conditioning and engineering services provider, announced a 19% drop in consolidated net profit for Q4FY24.
• Despite the drop in net profit, the company’s revenue from operations rose by 42% to ₹4,203 crore.
• The board of directors has recommended a dividend of 550% at ₹5 per share, subject to shareholder approval.

Voltas reports a drop in Q4 net profit but sees a significant rise in revenue from operations. The board recommends a hefty dividend, pending shareholder approval.