Voltas reports strong financial results for Q2, PAT increases by 182.11% year on year

Voltas, a leading player in the air conditioning industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 14 out of 28, compared to the previous quarter's score of 28.

One of the major highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 182.11% year on year. This is a very positive trend for the company. Additionally, the company has already surpassed its PAT for the previous 12 months in just the first half of the current financial year.

Another positive aspect of the financial results is the highest ever Operating Cash Flow of Rs 761.51 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

However, there are also some areas of concern for Voltas. The net sales for the quarter have fallen by -25.4% compared to the average of the previous four quarters. This is a near-term negative trend for the company. Similarly, the Profit Before Tax (PBT) has also decreased by -15.1% compared to the average of the previous four quarters.

One of the reasons for this decline in PBT could be the high Non-Operating Income, which accounts for 51.34% of the PBT. This indicates that the company's income from non-business activities is high, which may not be a sustainable business model. Additionally, the Non-Operating Income for the quarter is the highest in the last five quarters, which may not be sustainable in the long run.

Overall, Voltas has shown a positive financial performance in the quarter ending September 2024, with some areas of concern that need to be addressed. The stock call for the company by MarketsMOJO is 'Hold', indicating a neutral stance for investors.