Voltas could see Q1 profit at Rs 165 crore; EBITDA seen flattish

Air-conditioner manufacturer Voltas’ June quarter performance could be subdued, with the profit after tax seen at Rs 165 crore against Rs 158 crore year on year, according to a poll of analysts by CNBC-TV18.

Revenue for the firm could be up 5.6 percent at Rs 1,960 crore against Rs 1,855 crore.

On an operating level, the EBITDA could be flattish at Rs 196 crore against Rs 199 crore, while the operating margin is seen at 10 percent against 10.8 percent.

The unitary cooling products is likely to report muted revenue growth of 5 percent year on year, impacted by destocking. Meanwhile, the MEP segment could see revenue growth of 9 percent year on year.

Key Monitorable

- Sustainability of margins in MEP

- Impact of LG vacating the fixed-speed AC segment on Voltas’ market share and sales.

- Impact of GST on 1QFY18 room AC segment sales