Voltas Share Price Target: A steep decline in quarterly profit at Voltas has prompted several brokerages to lower their price targets ahead of Monday’s market opening. The Tata Group air-conditioning and engineering services company reported a 58 per cent year-on-year fall in consolidated net profit for the June quarter, as unseasonal rains and an early monsoon weighed on demand for cooling products.
Voltas Q1 FY26 performance
The largecap firm’s net profit for the April–June quarter stood at Rs 140.61 crore, down from Rs 335 crore a year earlier. Revenue fell 20.22 per cent to Rs 3,912.29 crore, compared with Rs 4,903.91 crore in the same period last year.
(This story will be updated soon.)