Shares of Voltas Limited fell as much as 4% to a day low of Rs 1,016.50, on 9 November after its Q2 results, despite a 53% rise in profit.

The numbers came out on Friday evening.

In an exchange filing, Voltas said profit attributable to its owners for July to September 2026 stood at Rs 52.6 crore, about 53% higher than the Rs 34.3 crore it made in the same quarter last year.

Total profit after tax for the group was Rs 47.71 crore. Earnings per share came in at Rs 1.59 against Rs 1.03.

Revenue climbed 15.3% to Rs 2,706.6 crore from Rs 2,347.3 crore, which means sales grew by roughly Rs 360 crore in a year.

The bigger jump came from the core business. Operating profit, the money a company earns from its day-to-day work before interest and tax, shot up by 81.6% to Rs 127.9 crore.

Margins improved too. Out of every Rs 100 in sales, the firm kept Rs 4.70 as operating profit, up from Rs 3 a year ago.

Cheaper material costs helped, falling to 71.1% of revenue from 75.2%. Compared with the previous quarter, the numbers look weaker.

Profit slid 75.4% from the April to June period, while revenue dropped 42.1% from Rs 4,673.5 crore.

For the first half of FY27, Voltas has earned revenue of Rs 7,380.1 crore, up 17.4% year on year. Profit for the six months rose 52.4% to Rs 266.4 crore.

Shareholders also received a dividend of Rs 4 per share earlier this year, with the ex-date on 12 June.

At 10:03 am, Voltas is trading at Rs 1,023.30 on NSE, down 3.14% from the previous close of Rs 1,056.50.

The stock has lost 22.57% over the past year and sits well below its 52-week high of Rs 1,582.50, hit on 27 February.

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