MUMBAI: Shares of white goods maker, Voltas Ltd, gained 6.9% after the company reported a 13.6% year-on-year (YoY) growth in the March quarter net profit at ₹158.66 crore, as against ₹139.61 crore in the same quarter last year.
At 01:30 pm, Voltas traded at ₹550.60, up 2.01% from Monday's close, while the benchmark Sensex rose 1.39% to 33767.42. Voltas said it was the market leader in room air conditioner (AC) business at multi-brand outlets in February 2020, as per lastest data available.
Due to the national lockdown, the company lost substantial business in March, which is the beginning of the peak season (summer), due to which year-end billings were affected.