How did Voltas' diversified portfolio help mitigate the cooling business decline?

Voltas' electro-mechanical projects and services segment, which includes domestic and international projects, saw a 9.8% increase in revenue, helping to "support the diversified portfolio that Voltas manages, mitigating seasonality in the cooling business."

What is Voltas' outlook for the upcoming quarters?

Voltas' Managing Director Mukundan Menon C P expressed optimism, stating that "the GST reduction and upcoming BEE efficiency transition will unlock pent-up consumer demand in the upcoming quarters."

Home / Business and Economy / Voltas Cooling Business Profits Plunge 76% Amid Subdued Summer, GST Woes

Voltas Cooling Business Profits Plunge 76% Amid Subdued Summer, GST Woes

Q: What challenges did Voltas face in Q2 FY26?

Voltas faced "short-term headwinds" and "external challenges such as lean summer and GST-related demand deferment, which impacted retail offtake and margins" in its cooling business during Q2 FY26.

13 Nov

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Summary

Voltas Q2 FY26 net profit down 76.28% to ₹31.5 crore
Cooling business hit by lean summer, GST-related demand deferment
Electro-mechanical projects segment grew 9.8% to offset cooling business decline

Voltas Cooling Business Profits Plunge 76% Amid Subdued Summer, GST Woes

In the second quarter of the fiscal year 2026 (Q2 FY26), Voltas Ltd, the Tata Group's air-conditioning manufacturer and engineering services provider, faced significant challenges in its cooling business. The company reported a 76.28% decline in its consolidated net profit to ₹31.5 crore, down from ₹132.83 crore in the same period a year earlier.

The company's revenue from operations also declined by 10.37% to ₹2,347.32 crore, compared to ₹2,619.11 crore in the corresponding quarter of the previous fiscal year. Voltas attributed this performance to "short-term headwinds" and "external challenges such as lean summer and GST-related demand deferment, which impacted retail offtake and margins."