Voltas reported its Q4 FY26 results with modest revenue growth but weaker profitability, as margin pressure and higher costs weighed on the company’s performance.
The company’s revenue from operations stood at Rs 4,887.83 crore in Q4 FY26, compared with Rs 4,767.56 crore in the corresponding quarter last year, marking a year-on-year rise of around 2.5%.
Total income for the quarter stood at Rs 4,930.46 crore, compared with Rs 4,847.25 crore in Q4 FY25.
However, operating performance weakened during the quarter. EBITDA margin came in at around 5.4%, compared with 8.6% in the year-ago period, indicating margin compression.
Net profit for the quarter stood at Rs 113.43 crore, compared with Rs 235.69 crore in Q4 FY25. Profit before tax declined to Rs 184.50 crore, compared with Rs 343.17 crore in the same quarter last year.
The pressure was visible in the cost structure. Consumption of materials, cost of jobs and services rose to Rs 2,635.20 crore, compared with Rs 2,423.28 crore in Q4 FY25. Purchase of stock-in-trade also increased to Rs 1,158.04 crore, compared with Rs 1,032.83 crore a year ago.
For the full year ended March 31, 2026, Voltas reported revenue from operations of Rs 14,244.50 crore, compared with Rs 15,412.79 crore in FY25, reflecting a year-on-year decline of around 8%.
Full-year net profit fell sharply to Rs 370.00 crore, compared with Rs 834.28 crore in the previous financial year. Profit before tax declined to Rs 557.11 crore, compared with Rs 1,190.75 crore in FY25.
The company also saw continued pressure from its joint ventures and associates. Share of loss from joint ventures and associates stood at Rs 36.01 crore in Q4 FY26 and Rs 130.57 crore for the full year.
Overall, Voltas’ Q4 FY26 performance showed a modest recovery in revenue, but margins and profitability remained under pressure. The full-year numbers reflected a sharper deterioration, with lower revenue, compressed margins and a significant decline in profit.
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