India's largest air conditioning company Voltas is expected to register a 16 percent growth YoY in consolidated profit at Rs 129 crore, according to average of estimates of analysts polled by CNBC-TV18.
Revenue may increase 18 percent to Rs 1,884 crore in the quarter ended June 2016 compared with Rs 1,598 crore in year-ago period.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is seen rising 27 percent to Rs 168 crore and margin may expand 70 basis points to 8.9 percent on yearly basis.
Analysts say this is a seasonally strongest quarter for the company. They expect unitary cooling products' revenue growth at 25-30 percent YoY and margin of the segment may expand despite competition.
MEP (mechanical, electrical & public health) revenue growth may be 8 percent YoY due to low base effect. It was lower by 11 percent YoY in Q1FY16.
Key issues to watch out for would be margin of UCP, sustainability of earnings, FY17 guidance for the UCP business & expectation from the air cooler business following the pan-India launch and progress on legacy projects & capital employed in the MEP business.
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