Sequentially, Voltas' consolidated net profit dropped by 60 percent and revenue from operations by 47 percent.
About 1870 shares advanced, 1658 shares declined, and 142 shares remained unchanged on September 6.
The company had posted a net profit of Rs 87.95 crore in the same quarter last fiscal year, Voltas said in a regulatory filing.
Revenue from operations during the period under review stood at Rs 1,492.51 crore as against Rs 1,491.78 crore in the year-ago quarter, the company said.
The board of the Tata Group firm June 11 also approved the proposal for Deputy Managing Director Anil George taking over the charge of CFO in place of Gajendragadkar, Voltas said in a regulatory filing.
Empirical evidence suggests in each of the past three election years, Nifty50 and Nifty500 have generated returns in excess of 11 percent and 18 percent, respectively
For the financial year 2014-15, the company had a net profit of Rs 384.33 crore. It was Rs 245.73 crore in the 2013-14 fiscal.
Tata group firm Voltas Ltd today said it expects revenues from air conditioners to increase by 20 per cent in the current fiscal as it aims to clock 10 lakh unit sales.
Electro-mechanical projects firm Voltas Ltd is in advanced talks to buy the water purification and treatment business of India's No.3 software services exporter, Wipro Ltd.