30th January, 2024

BSE Limited National Stock Exchange of India Limited

Department of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 500575 NSE Symbol: VOLTAS

Dear Sir,

Sub: Press Release

-----------------

Further to our letter dated 30th January, 2024, we are enclosing herewith Press Release titled
“Key Highlights of Voltas’ Consolidated Financial Results”.

2. The above Press Release would be uploaded on Company’s website www.voltas.com.

Thanking you,

Yours faithfully,
VOLTAS LIMITED

V. P. Malhotra
Head – Taxation,
Legal & Company Secretary

Enc.
Key Highlights of Voltas’ Consolidated Financial Results

30th January, 2024, Mumbai: The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider
of the Tata Group, announced the Consolidated Financial Results (including the Consolidated Segment Report) of the company for the
quarter and nine months period ended 31st December, 2023.

Q3 Q3 9 months 9 months
2023-24 2022-23 2023-24 2022-23
Rs. Crores Rs. Crores Rs. Crores Rs. Crores
Total Income 2684 2036 8477 6664
Profit before tax 24 (80) 312 93
Profit after tax (28) (110) 137 (7)

Consolidated Results for the nine months period ended 31st December, 2023:
The Consolidated Total Income for the nine months period ended 31st December, 2023 was higher by 27% at Rs.8,477 crores as
compared to Rs.6,664 crores in the corresponding period last year. Profit before tax was at Rs.312 crores as compared to Rs.93 crores
last year. Net Profit (after tax) was at Rs.137 crores as against loss of Rs.7 crs in the corresponding period last year.

Segment Revenue and Results for the quarter and nine months period ended 31st December, 2023:

Revenue Results (After Exceptional items)

Segments Q3 9 months Q3 9 months
2023-24 2022-23 2023-24 2022-23
Rs. Crores Rs. Crores Rs. Crores Rs. Crores
A - Unitary Cooling Products 1476 5198 123 423
B - Electro-Mechanical Projects and Services 982 2585 (120) (221)
C - Engineering Products and Services 155 432 50 158

Consolidated Results for the quarter ended 31st December, 2023:

The Consolidated Total Income for the quarter ended 31st December, 2023 was higher by 32% at Rs.2684 crores as compared to Rs.
2036 crores in the corresponding quarter last year. Profit before tax (PBT) was at Rs.24 crores as compared to loss of Rs.80 crores in
the corresponding quarter last year. Net Loss (after tax) was at Rs.28 crores as compared to loss of Rs.110 crores in the corresponding
quarter last year.

Consolidated Segment Results for the quarter ended 31st December, 2023:

A - Unitary Cooling Products: The Unitary Cooling Products business continued to outperform the market and maintain its growth
momentum in a relatively lean quarter. While the overall volumes grew by 22%, the year on year growth for Room Air-conditioners
was even higher at 27%. Voltas continues to be a market leader both in Split and Window Air-conditioners with a YTD market share
of 19% as of December 2023. The overall Segment Revenue grew by 21% to Rs.1,476 crores as compared to Rs.1,216 crores in
the corresponding quarter of the previous financial year. On account of a better product mix and a focused margin enhancement
approach, Segment Result during the quarter grew by 37% to Rs.123 crores as compared to Rs.89 crores in the same quarter
previous year.
B - Electro-Mechanical Projects and Services: This Segment comprises both Domestic and International Projects businesses. The
Domestic Projects business with a presence in MEP, Water and Electrical infrastructure has grown by 83% year on year on the
back of a healthy order pad. Timely execution, focus on certification and other related project management initiatives have resulted
in a robust bottom-line growth over the previous year. The Domestic Projects continues to grow its order pad and retain a positive
outlook, given the increased infrastructure spending in the country.

On the other hand, the International project business continues to face headwinds. A few projects (especially in Qatar), are under
stress due to unreasonable delays in release of due receivables, and prolongation of execution timelines. These delays have
resulted in cost overruns, which have impacted the overall performance of the International project business, resulting in a loss of
Rs. 143 crores in the current quarter. The Company continues to engage with all concerned stakeholders in these projects, to
pursue its rightful claims and ensure recovery of due receivables.
C - Engineering Products and Services: The segment continued to show improved performance on the back of a strong order backlog
and disciplined execution efforts. The Revenue for the quarter was at Rs.155 crores compared to Rs. 118 Crores in the previous
year, while Results were higher at Rs.50 crores as compared to Rs.46 crores in the corresponding quarter of the previous fiscal.
Issued by:
Ms. Vaishali Desai Ms. Richa Seth (Mobile: 9930143531)
Head - Corporate Communications Group Head
Voltas Limited Adfactors PR
[email protected] [email protected]
 VOLTIIS
30'" January, 2024

BSE Limited National Stock Exchange of India Limited

Departm ent of Corporate Services Listing Department
Phiroze Jcejeebhoy Towers Exchange Plaza
Dalal Street Bandra-Kurl a Complex
Mumbai 400 00 I Bandra (East), Mumbai 400 05 1
Scrip Code: 500575 NSE Symbol: VOLTAS

Dear Sir,

Sub: Unaudited fi nancial res ults for the quarter and nine months ended
3 151 December, 2023 - Publication thereof.

We take reference to OUf letter dated 16th January, 2024 on the above subj ect and wish
to inform that at the Board Meeting held today, the Directors have considered the
Unaud ited Financial Results of the Company (Stand-alone as we ll as Consolidated) fo r
the quarter and nine months ended 3151 December, 2023 and approved the same.
Pursuant to Regulation 33 of the Listing Regulations, the Unaudited Financial Results
(Stand-alone and Conso lidated) are sent herewith, for your infonnation and records.
The Meeting of the Board of Directors commenced at 10.30 a.m. and concluded at
6.55 p. m. Copy of Press Rel ease wou ld be sent separate ly.

2. The Statutory Auditors have conducted ' Limited Review' of the Financial Results
(Stand-alone and Conso li dated) and the ir reports are enclosed.

3. The Unaudited Financial Results (Stand-a lone and Conso lidated) would be uploaded
on Company's website www.vo ltas.com.

Thanki ng you,

Yours fai thfu ll y.

VOLTAS LIMITED

~
(V, P. MALHOTRA)
Head - Taxation.
Legal & Company Secretary
Enc.

VOLTAS LIMITED
Corpor;lte M;lnagement OffiCII!
Re gistered OffiCII! Volta s House 'A' Dr BabaHheb Ambedkar RNd Ch lnchpokli Mumbai 400 011
Te l 91 2266656251 66656258 faIt 91 2266656111 e -mail vpmalhotra. voltu.com .... e bsit._.vollas.com
CQrporate Identity Number Ll9108MH1954PlCOO9171
A TATA Enterprise
 S R B C & CO LLP 12th Floor, The Rubv
29 Senapati Bap,,' Marg
Char tered Acco unt ants Dadar ( Wes t )
Mumoai · 400 02B, India
T{>I ' ~ 912268198000

Independent Auditor's Rc\'iew Report on the Quarterly and Year to Date Unaudited Consolidated
Financial Rcsu lls of the Company Pursuant to the Regu lation 33 oflhe SEBI (Listing Obligat ions and
Disclosure Rcquirements) Regulations, 2015, as amended

Review Report to
The BOlml of Directors
Voltas Limited

I. We have reviewed the accompanying Statement o f Unaudited Consolidated Financial Results of Vallas
Limited (the " Holding Company") and its subsidiaries (the Holdi ng Company and its subsidiaries
together referred to as ..the Group"), its associate and joint ventures fo r the quarter ended December 3 1.
2023 and year to dale from April 0 I. 2023 to December 3 1. 2023 (the "Statement") attached herewith.
being submitted by Ihe Holding Company pursuant to the requirements of Regulation 33 of the SEB I
( Li sting Obligations and Disclosure Requirements) Regulations. 20 15. as am ended (the "Listing
Regulations").

2. The Holdi ng Company 's Management is responsible for the prepamtion of the Statement in accordance
with the recogn ition and measurement principles lai d down in Ind ian Accounti ng Standard 34, (lnd AS
34) " Interim Financial Reporting" prescribed under Section 133 of the Companies Act. 2013 as
amended. read wi th re levant rules issued thereunder and other accounti ng principles gcncrally accepted
in India and in compliance wi th Regu lat ion 33 o f the Listing Regulations. The Statement has been
approved by the Holding Company's Board of Directors. Our responsibi lity is 10 express a conclusion
0 11 the Statement based on our rev iew.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SR E) 2410. " Review of Interim Financial Informati on Performed by the Independent Auditor of the
Ent ity" issucd by the Institute of Chartered Accountants of India. Thi s standard requires that we plan
and perlo nn the review 10 obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial infonnation consists of making inquiries. primarily of
persons respons ible fo r financ ial and accounting matters, and apply ing analytical and other review
procedures, A review is substantially less in scope than an audit conducted in accordance with Standards
on Auditing and consequently does not enabl e us to obtain assurancc that we would become aware of
all significant matters that might be identi fi ed in an audit. Accordingly, we do not express an audit
opin ion,

We also perfonned procedures in accordance wi th the Circu lar No. CIRlC FD/CMDI /44120 19 dated
March 29. 2019 issued by the Securities and Exchange Board of Ind ia under Regulation 33(8) of the
Listing Regul ations. to the extent applicable.

4. The Statement incl udes the results of the fo ll owi ng entities:

Nature of Relationshio Name of the Entity
Universal MEP Pro'ects & Engineeri n ' Services Limited
Lalbuksh Vollas Engineering Services and Trading L.L.C.
Voltas Netherlands B.V.
Weathermaker FZE
Subsidiaries Saudi Ensas Company lor Engineerin' Services W.L.L .
Vollas Qatar W.L.L.
HI· Volt Enterprises Pri vate Limited
Un iversal MEP Pro jects Pte Limited
Voltas Oman SPC
Voltbek Home AOl)liallCes Private Limited
<0(", & CQ) Joint Ventures Uni versal Voltas L.L.c.

~~'
~ MU AI Associates
Olavan Voltas COlUracting Comoanv Limited
Naba Diganta Water Management Limited
9-
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S R 8 C & COLLP
Chartl'red Accountants

5. Based on our review conducted and procedures perfonned as slated in paragraph 3 above. nothing has
come to OUf attentionlhat causes us to believe that the accompany ing Statement. prepared in accordance
w ith recognition and meas urement princi ples laid down in the aforesaid Indian Account ing Standards
(' Ind AS' ) spec ified under Section 133 of the Compan ies Act. 20 13. as amended. read with relevant
rules issued thereunder and other accOllilling principles generally accepted in India. has not disclosed
the information required to be disclosed in term s of the Listing Regulation s. including the manner in
which it is to be disclosed, or that it contains any rnaterialmisstalcment.

6. We draw attention to Note 3 of the accompanying consol idated fin ancial results which describes the
uncertainlY relaling to the outcome of ongoing litigation including claim for encashment of bank
guarantee by a contractor in respect o f one of the overseas projects executed by the Company in earl ier
periods. Our conclus ion is not modified in respect of this matter.

For S R B C & CO LLP

Chartered Accountants
leAl Firm rcgistrafon number: 324982E1E300003

per Aruna Kumaraswamy

Partner
Membership No.: 2 19350
UDIN:'l \fl.!." ?~b q\l.c ~1 Ll\'lfl
Place : Mumbai
Date: January 30. 2024
 VOLTAS

VOLTA$ LIMITED
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SIGNED FOR IDENTIFICATION

BY
S RBC Ilo CO LLP
MUMBAI

VOLTAS LIMITED
Corporate Communlcation!l Oi!partment
Voltas House A 4th Floor Dr Babasaheb Ambedkar Road Chln<:hpokli Mumbai 400 03)
Tel 91 226665628066656281 Fax 91 22 66656288 website _.volus.com
Corporate Identity Number l 29)08MH 1954PLCOO9l71
A TJ\TA Enterprise
 VOLTIIS

VOLTAS LIMITED
Consolidated Segmentwlse Revenue, Re sults, Assets and Liabilities

Inded .ndfod tnded ,", ~

ll.1~2l '"""
lO.IIt.l1l23 ll .12.2022 31.12.2023 '"'"
"' ,11.2022 31 .03.2023
(Unaudited) (Un.ud1ted) (Un.udiled) IUniudill<lj (Unaudited) IAud~ )

S'gment Rl vl n .. t
.) Slgm,n t . A I Unll.Ory CoolinO Product.) 1475.51 120UO 1215.97 Si tUS «25.11 M74.50
b) S*fjmtnt. B (El.ctro. Ml ch.nlc.1 Pro)..,'" and Servlc.. ) nus 924.19 «e.39 2U 5.13 1557.12 2402.111
c) S""mtnt - C (Engineering Products .nd Servic•• ,
I"<'oml from O~,.tlon.

s.r"mtnt Rllulti befono uctptional kHI'

.) Stgment. A I Unitary Cootlnll ProduCUl)
b) S.-gmt nt . 8 (Ellctro _ MKhanlcl1 Pro)ICIII ...,d
C) S'gment. C I Engln..,.."o Products and Services)
S.rvlcu )
122 .tO 92.7' 89.15 423.02
, 332.15 531.13

Tol.Ol
l .., : i. Flnanet cost 13.53 o.u >OM 17.1$ 29.5'
11. ou.., un.Jloub .. ulNndlt .... net of unilloclbllo Income ".., 25.17 13.32 1I.Sl 99.77

Profit before Exceptl"nalltems and Ta.

Segment RHUIIll aft., Exceptlonallte m,

.) Segment.A ( Unury Cooling Producu)
b J s-gme nt. B ( Electro · M..,hanlcal Proj4;::t. and S.tvk. . )
c) Sit'll......,· C (En9In..rlnll Products and Servic •• )
, ~,

Leu : l. Finance cosl

II. Ot~, una Uoc eblt' .. ~ ndllu" net of un ellocl blto Income

SegmentA."o
" ) Segment. A ( Una..,. Cooling ProdUCIII)
b) Segment. 8 ( Electro . Ml'Chanlcl l Pro;.cts and s.rvk:.. ,
c) Sl1lment· C (EnlllnHring Productf; .nd Strvic")
II) Un elloclt. d
Total S " lIment ....111

S.II......I l;'bllitlH
" ) Segment _A ( Unitary Cooling Producu I 1987.02 1479.12 1301.7. "'7.0 2 llO'.14
b) SegnMnt- B, Electro· "ltCh.n~1 Projects and SIMe.. ) 207'.7' 1t3C1.U 115•." 207' .7' 115..01
c) Segm.nt· C, Englneerlnll Products
II) Uni llocated
n"$ervic.. ) 119.6' 13.88 >OM 11i.'. nM

Total

Not. . :
' I Se{jment'A' I. uat_11n nature with "I•• iii_ra lly being hlgh..11n the r,,,, quarter.

SIGNED FOR IDENTIFICATION

BY Jl>..-
S RB C&COllP
MUMBAI

A TATA Enterprise
 VOLTAS

VOLTAS LIMITED
Stotement of Unudited Con.olkh.ted Fln.",i,' Results for the quam. and Hin. month. ,ttd.cl 31st Dec.",ber, 202l

Not" :
1) The .. 'UUftl have been (.viewed by th, Board Aud~ Committe" and a pproved by Ih, Board of Oirador. a t ~I Meetir.g held on 30th January. 2024 .

2)

ended endad . ndfll Inded

b uptlon.1 Incomsl flXpen... ) 31.12.2023 30.011 .2023 31.12.2022 31 .12.2023
(Unaudited) (Unludtt.d) (Unaudited) (Unaudited)

3) The Group had ente<ed ... to • sut>. <;Onlrlld. 8Iong wiIh • ooo$Otlium 2010.
l.IIIir...te CUSlOmef and lIMo Main Contrac:lor wu termin.ted dDser to
the Main Contractof and IIfbiIIaIion had en.ued ~n tile Main Contractor and the
assellment altha Io..IS arising on account 01 such terminalion of the Main contract and cessation 01 WOfk and accoonu,d
Y"'''·
The Group llad islued bank guaranlees .m"tmting to approximately RI.373 croret (QAR 166.6 miIion) \0 b Main ConllllClor which was being .'~'~'-'~~ OO~~T'~.'.i.~~,,_~~~j
the years. In June'23, the Group WI' ~ed at • request receiIIed by thl! banlt from the Main conl.iIdor for Il'IC.Imment 01 the Hid bank guaoranlH,
deI'idendes was not paid by the bank 10 the Main contractor and the mllter i:s in ttigation. Further. the Group and the u.;n CQntracIor hve Ned claim, and
each other with Investment and Trade Coon (Qatar). In light of the f8C41m claim !Of enGIIshmem 0( the bank guaranI.., and related developments.
liablity "moder the IUb-oonUact and talsill-UCh Inlemalu"'lSment on lechn~ merits 0( th. ees. and leg. opinion on the contractual aspectl. is confodem
'~:~:~~'::':~:';:~:,;;I
succeuruly defend any cla;m s \hat may arise on the GfOUp. Accordingly. no further provision lias been considered in tile above financial relu~s. The Group has taken
I lepl.Indudinglegal remedies 10 safeguard and defend bel. The mailer II lub-judice.nd lhe Group is closely mon~oring lhe development, a.they anso .
4) The 51MtIIOf)' Auditors of the Compeny IIl1Ve concluded. '"limited RIIView" of the afore.1id financial res .....

SIGNED FOR IDENTIFICATION For Ind on blllaif of th. Soard of Dlr.dots

BY

S R BC &CO L L P
MUMBAI

Mumbai. 30111 January. 2024

A TATA Enterprise
S R B C & COLLP 12th floor, The Ruby
29 Senapati Sapal Marg
Charlfrl!d Accountants Dadar (West)
Mumbai • 400 028, IndiC!

Tel: +912266198000

Independent Auditor's Review Report on the Quarterly and Year to nate Unaudited
Standalone Financial Results urthe Company Pursuant to the Regulation 33 urthe SEDI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to
The Board of Directors
Voltas Limited

I. We have rev iewed the accompanying statement of unaudited standalone financial

results of Voltas Limited (the "Company") for the quarter ended December 31, 2023
and year to date fro m April 0 I, 2023 to December 3 1, 2023 (the "Statement") attached
herewith, being submitted by the Company pursuant to the requirements of
Regulation 33 of the SEB I (Listing Obligations and Disclosure Requirements)
Regu lations, 20 15, as amended (the "List ing Regulations").

2. The Company's Management is responsible for the preparation of the Statement in

accordance with the recognit ion and measurement principles laid down in Indian
Accounting Standard 34, (Ind AS 34) "Interi m Financial Reporting" presc ribed under
Section J 33 of the Companies Act, 20 13 as amended, read with relevant rules issued
thereunder and other accounting princ iples generall y accepted in India and in
compliance with Regulation 33 of the Listing Regulations. The Statement has been
approved by the Company's Board of Directors. Our responsibility is to express a
conclusion on the Statement based on Ollr review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 24 10, " Review of Interi m Fi nanciall nfonnation Perfonned by the
Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of
Indi a. Thi s standard requires that wc plan and perform the review to obtain moderate
assurance as to whether the Statement is free of materi al misstatement. A review of
interim financial information consists of making inquiries, primarily of persons
responsible for financ ial and accounting mailers, and applying ana lytical and other
review procedures. A review is substantia lly less in scope than an audit conducted in
accordance with Standards on Auditi ng and consequentl y does not enable us to obtai n
assurance that we would become awarc orall significant matters that might be identified
in an audit. According ly, we do not express an audit opinion.

4. Based on ollr review cond ucted as above, nothi ng has come to our attention that causes
us to be li eve that the accompanying Statement. prepared in accordance with the
recognition and measurement principles laid down in the aforesaid Indian Accollnting
Standards (" Ind AS') specified under Section 133 of the Companies Act, 2013 as
amended , read with relevant ru les issued thereunder and other accounting princ iples
generally accepted in India, has not disclosed the infomlatioll requ ired to be disclosed
in tenns of the Listing Regu lat ions, including the manner in which it is to be disclosed,
or that it contain s any materi al misstatement.

S II B e Ileo LlP_ ~ l_""L"""" .... t........ ""~llP _dyNo ....... B~3tB

IIfOO OltO(f·ll.C...... SZ.HlIIIDCI-B lfUflDOr.II.C>"l.It.-l00016
S R B C& COLLP
Chartered Accountants

5. We draw attenti on 10 Note 3 of the accompanying standalone financial results whic h

describes the uncertainty relating to the outcome of ongoing litigation including claim
for encashmen t of bank guarantee by a contractor in respect of onc of the overseas
projects executed by the Company in earli er periods. Our conclusion is not modified in
respect of thi s matter.

For S R B C & CO LLP

Chartered Accountants
ICAI Firm registration number: 324982E/E3 00003

per runa Kumaraswamy

Partner
Membership No.: 2 19350
UDrN: 2.,-\'1i l\ ;~l)n'F..t ' n. 'S"1t
Place: Mumbai
Date: January 30, 2024
 VOLTAS

VOLTAS LIMITED
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Statement 01 Uniludited Standalone FInancial R"uits for the quarter and Nine months .oded 31 st December, 2023

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31).09.2023
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110.85
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" 1-'

SIGHED FOR IDENTIFICATION

BY ,,1<-
S RBC&CO LLP
MU MBAI

1
VOLTAS LIMITED
Corporate Communications Oepillnment
Voltu House A 4th Floor Dr BabaUOMb Ambedkilr ROild Chinchpokii Mumbai 400 011
Tel 91 226665628066656281 Fax 91 22 66656288 website _.Yotlas.com
Corporate Identity Number L29308MH1954P LC009371
A TI\TI\ Enterprise
 VOLTAS

VOLTAS LIMITED
Standalone Sagmentwlse Rev enue, Results, Assets and liabilities
I f ' In crore,
QUirt • • QUlrt.r Quln., Nln. month. Nln. month , Vu,
Inded .nded , ndld 'nded ,nd.d . nded
31 .12.2023 30.011.2023 31.12.2022 31 .1202023 31.tU022 31.01.2023
(Unaudited) (Unaudited) j Un,IHIit.clJ (Unaudited) (Unaudited) (Audited)
IR.I,r no" ' )
. s.gm.nl R,vtnut
• J Segment. A I Un itary Cooling Product. I UU.S!iI 120'.80 1215.t1 5205.36 .... 25.88 84r4 ..50
b J S.g.... nl - B I EIKtro· MKhlniCIII Pro}KtII ami Se rvle . . , 'I .U 105.00 182.0<4 345.17 733.13 "'.29
c I s.g .... nt . C I Er!gl .... rlns. PToductr. Ind S ......Ic. . J
· · · 111.52 111 .52
Income from Openllonl 1$64.52 1313.10 1391.01 5550 .53 53<11 .33 7$70.31

2. S...,ml nl Ruuita IMla ... Elc.ption.llteml

II S...,mn t _ A f Unitary Cooling Product. J Il2.to 112.7. n.46 .23.02 332.17 531.83
b) Segmetl'. B f Electro · Mecl'llnlc:tl ProjKtII Ind Sflvieu , 110.15) 11.29 {3t .'51 (Ull (22043) (66.11 )
c) Segmftlt. C ( EnglllMring Products and S.rvklS )
Totsl
· · · · " .53 6<1.53
111.85 10•. 07 5<4.61 411.111 374.27 531.1'

L... : 1. Finane. COli

II. OllMr "nilloclb~ .. ~ndlt" ... n.t of unallocabl. incom.
1.47
111.1"
5.0.
31.86 ....
2.l3 14.113
121. 51
....
111.25
12.46
29.27
Profrt belo ... bc.ption al l~m a Ind T.. 125.42 n O.69 60.12 525.14 »1.04 552."

Seg ment R.. ults after ExcepUonal lt.ml

I) Segmftlt _ A (Unitary COOling Products) 122.9-0 81 .71 19•• ' 423 .02 332. 17 531.83
b I Segme nt. B (Electro . Mechanical Projects and Servlc.l) (10.115) 11 .29 (34,85) (3.13) (121.86) (172.61)
C I Segm.n t - C I Engineering Products Ind Se<vlc. . , · · · " .53 ".53
ToUI
L.n: I. Flnlne. COli
II. Other unallocabl, upenditu ... net 01 unallocable Incom.
lIU5
1.47
111.94
104.07
5.04
31.86
5<4.61

....
2.33
.,11. "
14.13
al .58
....
267."

111)81.29
429.75
12.45
1110.1'
prom belo ... U. 125.42 130.19 50.12 525.84 13l0.e5 1521.17

,. Segment An.u
I ) Segm.nt _ A (Unitary COOling Product.) lU.... 2704.12 2.02.21
3698." 2633 .10 2704.42
b) Segmant _ B (Electro . Mechanical Projects and Servk.. ) 1132.72 985.:14 117 4.20 932.72 1174.20 1157.39
c) Sigmant - C ( EnglnH ring Products Ind S.",lc.. )
d ) Unilloc.-MI 5toO.02
· 1225.«
· 51115.56
·
5toO.0 2 54115.56 Stl2.SS
TOIII Sag_nt A.lle ts 10531 ..58 nll.n 9lU . • ' . 053 •. 56 11374,11 10042.26

.. Segmanl Llabllltl..
I ' Segm. nt . A (U nlury Cooling Produc ts, 11117.0 2 14711. U 1308.74 1987.02 1301.74 1116U2
b, Segm.nt . e (Electro. Mec llanical Projec ts Ind Se",Ic.. ) 114062 &Sua 7n.6 . 8" .02 788.61 756.61
c, Segment . C (EnglllMring Products and Service" · · · · . .
d ) Unalloclt..t 1".21 511..41 5(12.'3 HII.21 5(12 .13 551 .03
Total Slgmlnt LlabillU.. 3290.12 2650.20 2600. 11 3290.92 2$00. 1' 1261.16

Not • • :
I) Sagment 'A' I••, ..o nilin nltura with 811.. gen..a lly being Illgh..t In tile ll rat qUirt...

SIGNED FOR IDENTIFICATION

BY
.~
S R B C & COLLP
MUM BAI

A TATA Enterprise
 YOLTIIS

VOL TAS LIMITED

Staam. nt Of Unuditlld Standalonl Financia l R•• ults fo, the qUlrter and NIna month a I ndl d 3 1st Declmbto r, 2023

NOTES ,_
'J ThI ........ _ -.~ 1Iy .... 9oar<IlwditComrnihol_ ~ tlJ .... _oI~ .. ill MeeIing _on:lOll J..-..-y. 202.

" EJtCe/IIIonaI ""'" .

E.lcll>tloMl lncome / ln_'''1

"'- . . I 01 pro<oiIion Ito' dmirIJIion In .... 01 ~ oIw1'1C1ty-.d

._,
ua or
)1 .1UOll
fUll'ludhd)
.
"'
.~"
.
:IO.M .lOU
IUna..cllt~1

·
UI If
e nodl"
]1.11.2022
IUnlu<llttd,
.
n. mont
end,,,
]1 ,12..2023
tunaudlted,
I
:..".:ml
3l.11.2012
IU""udllliIl
.-
f ' In c .......
."
lI.01.2021
IAu .....'
32.57
~~ MEPPrajku & ~$eMcu~
{\IMPESL1
Gliin en 1JarII!... of busOMs. (Ref.. note . 1 . · l,00I9,(loI 1,00I9,(loI
PfovisIan arliing au! of cano.IatIon 01 (:(M'lIrlld. and ...... ~ of bank .
.....- · (1 06 .4 ~) (1()5,'3)

TobI ..., .~ · . ,.1.11 175.18

'J The c....,.-.y r..d ....-.cI ...... lib- ........... KIng"'" • <;:OnICIIfUm ~ ..... Man CcnncIor. 1f'lt:oI9I1S tJraoICh In a_ .. fie year 2010. The M.... ~ _ ... ~
hi Main Conb'KIor _
CU$I(O'ftIIf..", 1IIrrniNl-.! _ I I I . " . ~ 01 .... ciII'9
~ _ _ In....:ution ............. ............,. 01
~ IImII by"" _
~

CorW~ II1II _ hId _ _ .... Man Conn<:to<_1hoo l*Im;I~ .....1ComeI and .... "" .. --.:I II pending. The eomp.ny tIM! ~. ~ ....'.......,col
tI>o Io.HI Mslng on acccunt 01 SUCh termination 0I1he Main aon!rId and -=-1I1!1on 01 _ and _~ fa< .. proWtIIt' 101.., en N _ contt"'" In ......... ,......
The Compony _Issued bank """...mae.,..,.......,1ing
10 opprc><irnatefy " •. 373...."... (OAR 100.6 million) Ie ItI Main ConIrloaOf whid'o was t>W>g clilclol..:l It. """'"'OtnI ill>ilily over IN

"'" '*"
~.,.. fn .1......0"23. ". CompInY wi. lnlimllled 01 • .-quell""""" by I:tlI br i I'fom hi lAW. _ l o r ~ 011 hi ... _
by INI _ 10 hi 101.., _ _ kld tN _ it in ~ F_. hi c:.orrpny " hi 1oIw. ConIr ....... _
-......."T.-Ccut(OMa1. lnl\tllof ............... for.-.c.l--..oI ... _~kld_"".iIICIpo'.iII. ,..~"". _ _ _ itl~undet~~
!lied _
guo<W1IM, IfIt'ktl due 10 certain <III\citnc;of waf
" c:ourw dIirno tog.... eedl 0It>Ir ""'"
ccnna" basis 1tIdI ...................... en 1Idri::II ........ ofb QH lind li;ioi opi'Iicn en .... _ _ a5P«U. Is ~ hal ~ r- good gr<UIdo:'" ~ ~ _~
darns . . . 1M)' _ en , . ~. Accordingly. no IUrtIW pnIYioicn r- _ n..
~ In Ihe - . . ........,. "' ...... Ca'rpny r- _ .. rwcaosary I • • irIoc:bJi'og •
.........s.• ..,.~ 8ncIdt/enCI iIHI'. Thotm_. ~ _lhe~ .doHI)t~ Ihe "".~ ........ 1if1H.
.J n.. Bowd ot Dif1Ictors '" V _ t inVtod {'Holding C<om9anY).t~. ~ M id on 121Ji F~. 2021. III"" ~ hi ,..,'* ot dome,1ie B2B buIiM,_ ot till Holding C<om9an,
~ 10 ProjoIc!. bu ....... ~fing M~ EIecIIbI loci PUnt>Ing (IoIEP}I ~ v""_ lind Nt.c0nditi<>nin9 (HVAC) 8ncI Wale' pII)jKI •• Mi"ing .,...; eon,1rUCdon Ecr-OPmenI
(1d&CE) biJNIe""'" Te.- Mo.;:tWIwy DMsIon (lMO) biJ ....... Ie •• 1fI'haIIy _ 1UCl1idi..., viz. lJniot..... MEP Pn:ojecIf & ~ ~11.InIIIed ('\JMPESL,.;.IIump"
Ihrough I &uNless T.....,.. ~('BTA1 . n.. BTA nr.saaicn I'IU _ iXItII<n"rI'\II oro l ilAugust. 2022.1ifoIng'" dootn;IdlUitor ... .--1I< ot _ _ " lor.
RI .l 111O ......... _ . . . - gain en uicllranSaCIiatI of R'.11Jo19.1JoI CJ"CRII'IU _ cIiIdoHd .. ., ~ 1Wn for,. _ monIhs _ _ 3111 o.cemtoe<. 2022
0:000"""".'
Ior...;r;.;
lind

c....-wog ,.. nr.saaicn._

_ _ 3111 Mad'!. 2023.

ltotrtoin. F..-Ihw... ".

b HokIing eomp.ny _ ito -.o.y. . . ~ 1>101 no ~ en ... consoIo:lltod ~.- _ .a;:cningIy ,.. gain" bI.trTirIaIod
Ir~"" bien ~ w.e .f. ' ot Aoq.JSI, 2022. ' " ftrIan<:iIoI "'.... Ior,.._ mcnIhs _ _ 3111~. 2022 irIo:aIdI. IN1I1isuIIs oflra'll1lfTed
biJIN.. _ .... not strk:ll)' <;:Ofn,,,rIbIe 10 IhIi ron ...... ",f\ft1i tor Ihe nine "..",.,. endod 31.t DecomIIef. 2023.
Thot StMUIOIy Auditoro ot INI ComJo.,y 1>10"" ~ • "\In'itod Re _ ot !he alOAlIIId fr1anc:iaI f1i1Ultl.
"
SIGHED FOR IDENTIFICATION /1
BY
'~-~1fiyj/
~

~
5 RB C &COLLP
MUMBAI -,;;; en
"."aglng
~
MlmtIIi 30',---",~. 2024

A TATA Enterprise