# VOLTAS (VOLTAS) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/voltas

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,110.9
- Change: -2.12%
- As of: 2026-09-18
- 1D return: -2.12%
- 5D return: -4.11%
- 1M return: -8.91%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, VOLTAS is trading at ₹1110.9, with a predominantly bearish technical stance across daily, weekly, and monthly timeframes. Daily indicators suggest a weakening trend, with the price below key moving averages like the 20-day EMA (₹1174.9) and 50-day EMA (₹1228.91), and the Supertrend indicator signaling bearish conditions at ₹1210.93. This aligns with the weekly and monthly timeframes, which also show the price below their respective moving averages and Supertrend indicators, indicating a consistent downtrend across multiple periods. The stock has recently formed a Bearish Engulfing Reversal pattern on the daily chart, reinforcing the bearish sentiment. The nearest support is observed at ₹1110.23, just below the current price, while immediate resistance lies around ₹1117.67.

The stock's risk profile includes an annualized volatility of 34% and a current drawdown of -39%, reflecting significant price swings. The presence of a Bearish Engulfing Reversal pattern on the daily chart, coupled with the price trading below multiple moving averages on all observed timeframes, suggests continued downside pressure. The nearest support level at ₹1110.23 is a critical point to monitor, as a break below it could signal further weakness. Conversely, a sustained move above the immediate resistance at ₹1117.67 would be needed to indicate a potential shift in momentum.

- The stock closed at ₹1110.9 on September 18, 2026.
- Daily, weekly, and monthly timeframes show bearish trends, with prices below key moving averages and Supertrend indicators.
- A Bearish Engulfing Reversal pattern was observed on the daily chart on September 18, 2026.
- Nearest support is at ₹1110.23; nearest resistance is at ₹1117.67.
- The stock exhibits 34% annualized volatility and a current drawdown of -39%.

- Outside Bar
- Bearish Engulfing Reversal
- Harami
- Shooting Star
- Bullish Engulfing Reversal

### News Context

Voltas, a Tata Group company, experienced pressure on September 18, 2026, alongside other Tata Group stocks. This market reaction appears linked to ongoing developments concerning the Tata Sons holding company, specifically a reported board tussle involving Noel Tata. While the broader market saw the Nifty index regain the 23,300 mark, supported by positive GDP growth forecasts for India and easing crude oil prices, Tata Group stocks remained under pressure, with some reports citing profit-taking as a factor.

- On September 18, 2026, Voltas stock was under pressure, mirroring a broader decline in Tata Group stocks.
- The decline in Tata Group stocks was attributed to fresh developments at Tata Sons, the group's holding company.
- Reports on September 18, 2026, highlighted Noel Tata's position at the center of a reported Tata Sons board tussle.
- The broader market sentiment on September 18, 2026, was positive, with the Nifty index crossing 23,300, aided by an improved India GDP growth forecast by Moody's.

- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more

### What Changed

Voltas Limited has scheduled investor and analyst meetings for September 22, 2026, to discuss its performance following the Q1 results. These meetings, to be held in both physical and virtual formats, include a specific session at 10:30 AM and another at 4:15 PM IST, with Nippon India Mutual Fund noted as a participant in one of the sessions. Separately, recent news indicates that Voltas, as part of the Tata Group, has been subject to market pressure influenced by developments concerning Tata Sons. The company's stock price has seen a decrease, closing at ₹1110.9 on September 18, 2026, down from ₹1135.0 previously. The broader market sentiment has been influenced by factors including an upgraded GDP growth forecast for India by Moody's.

- Voltas Limited scheduled investor and analyst meetings for September 22, 2026, to discuss post-Q1 results.
- Nippon India Mutual Fund is listed as a participant in one of the scheduled investor meetings.
- Voltas stock closed at ₹1110.9 on September 18, 2026, a decrease from its previous price of ₹1135.0.
- News reports link pressure on Tata Group stocks, including Voltas, to developments at Tata Sons.
- The broader market sentiment is influenced by Moody's upgrading India's FY27 GDP growth forecast to 7%.

- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more
- Voltas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Voltas Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Official Filings

Voltas Limited has scheduled investor and analyst meetings for September 22, 2026, to discuss results following the first quarter of fiscal year 2027. These discussions will cover the company's performance, including a reported consolidated income of ₹4,765 crores and a net profit of ₹213 crores for Q1 FY27. This period saw a 45% year-on-year increase in Room Air Conditioner (RAC) volumes, contributing to a market share expansion to 17.3%.

In a significant development, Voltas Limited has entered into a binding term sheet for a 50-50 joint venture with Atomberg Innovation Private Limited. This venture aims to manufacture high-efficiency RAC compressors in India, with commercial production targeted within 18 months. The Board of Directors approved this proposed joint venture on August 14, 2026, which is contingent upon due diligence, definitive agreements, and regulatory approvals.

Furthermore, the company reported a positive outcome in a legal matter in Qatar. On August 30, 2026, the Court of Cassation dismissed an appeal, upholding a previous order for OHL International and Contrack (Cyprus) Limited to pay outstanding amounts and compensation to the Kentz-Voltas Consortium. Following this, Voltas Limited has cancelled bank guarantees worth QAR 167 million (approximately ₹433 crores) and is proceeding with the recovery of awarded amounts. The Projects & Engineering segment maintained a total order book value of ₹6,345 crores as of June 30, 2026.

- Voltas Limited will hold investor and analyst meetings on September 22, 2026, to discuss Q1 FY27 results.
- Q1 FY27 consolidated income was ₹4,765 crores, with a net profit of ₹213 crores.
- A binding term sheet was signed on August 14, 2026, for a 50-50 joint venture with Atomberg Innovation Private Limited to manufacture RAC compressors.
- On August 30, 2026, Voltas Limited received a favorable ruling in a Qatari legal case, leading to the cancellation of QAR 167 million (₹433 crores) in bank guarantees.
- The Projects & Engineering segment's order book stood at ₹6,345 crores as of June 30, 2026.

- Voltas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Voltas Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Voltas Limited has informed the Exchange about update on a Pending Material Litigation as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Voltas Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- Voltas Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- VOLTAS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Voltas Limited has informed the Exchange regarding |SUBJECT: Agreements,Contracts,Arrangements,MOU-XBRL
- Voltas Limited has informed the Exchange regarding Proposed Joint Venture with Atomberg Innovation Private Limited |SUBJECT: Outcome of Board Meeting

### Fundamentals

Voltas reported a notable increase in its Profit Loss For Period, rising to ₹212.76 crore in Q1 FY2026-27 from ₹113.43 crore in Q4 FY2025-26. This profit growth occurred alongside a sequential decrease in Revenue From Operations, which stood at ₹4,673.50 crore in Q1 FY2026-27 compared to ₹4,887.83 crore in the prior quarter. However, when compared to Q3 FY2025-26, revenue increased from ₹3,070.77 crore to ₹4,673.50 crore in Q1 FY2026-27. Profit Before Tax also showed a positive trend, increasing sequentially from ₹220.51 crore in Q4 FY2025-26 to ₹322.70 crore in Q1 FY2026-27. This improvement in profitability was supported by a reduction in Finance Costs, which fell from ₹22.20 crore in Q4 FY2025-26 to ₹12.75 crore in Q1 FY2026-27. Other Expenses saw a slight decrease sequentially, from ₹542.93 crore in Q4 FY2025-26 to ₹498.90 crore in Q1 FY2026-27. Tax Expense remained relatively stable, at ₹71.07 crore in Q4 FY2025-26 and ₹72.70 crore in Q1 FY2026-27.

Investors may monitor the company's ability to sustain profitability in the face of fluctuating revenue and manage its expense base. The trend in finance costs and tax expenses will also be key indicators of operational efficiency and the company's effective tax rate.

- Profit Loss For Period increased to ₹212.76 crore in Q1 FY2026-27 from ₹113.43 crore in Q4 FY2025-26.
- Revenue From Operations was ₹4,673.50 crore in Q1 FY2026-27, a sequential decrease from ₹4,887.83 crore in Q4 FY2025-26.
- Profit Before Tax rose sequentially to ₹322.70 crore in Q1 FY2026-27 from ₹220.51 crore in Q4 FY2025-26.
- Finance Costs decreased to ₹12.75 crore in Q1 FY2026-27 from ₹22.20 crore in Q4 FY2025-26.
- Other Expenses reduced sequentially to ₹498.90 crore in Q1 FY2026-27 from ₹542.93 crore in Q4 FY2025-26.

### Bull Case

The company's stock is currently trading below key moving averages, with the 20-day Exponential Moving Average (EMA) at ₹1174.9 and the 50-day Simple Moving Average (SMA) at ₹1256.54 as of September 18, 2026. The daily trend indicators, such as the Average Directional Index (ADX) at 28.4 and a negative Plus Directional Indicator (DI) at 12.72 compared to the Minus Directional Indicator (DI) at 26.9, suggest a lack of strong upward momentum. Similarly, the monthly and weekly trends also indicate a bearish Supertrend direction. The stock has experienced significant negative returns across various periods, including a -22% return over the last year and a -20% year-to-date return. The current drawdown stands at -39%, which is also the maximum drawdown observed.

- As of September 18, 2026, the stock's closing price of ₹1110.9 is below its 20-day EMA (₹1174.9) and 50-day SMA (₹1256.54).
- Daily trend indicators show a bearish Supertrend direction with ADX at 28.4 and DI values suggesting weak upward momentum.
- The stock has recorded a -22% return over the past year and a -20% year-to-date return.
- The current drawdown is -39%, matching the maximum observed drawdown.

- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more

### Bear Case

Voltas's stock is experiencing a downward trend across multiple timeframes, indicated by technical indicators. The daily trend shows the closing price of ₹1110.9 is below the 20-day Exponential Moving Average (EMA) of ₹1174.9 and the 50-day Simple Moving Average (SMA) of ₹1256.54. The Super Trend indicator is also in a bearish direction at ₹1210.93. This trend extends to the weekly and monthly timeframes, with the monthly Super Trend direction also bearish at ₹1783.52. The stock has seen significant drawdowns, with a current drawdown of -0.39 and a maximum drawdown of -0.39, reflecting a substantial decline from its peak. Recent returns are negative across various periods, including a -0.22 return over the last year and -0.20 year-to-date. Additionally, news indicates that Tata Group stocks, including Voltas, have been under pressure due to a dispute at Tata Sons, the group's holding company.

- The stock's closing price of ₹1110.9 on 2026-09-18 is below key moving averages on the daily chart, with the 20-day EMA at ₹1174.9 and the 50-day SMA at ₹1256.54.
- Technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, with the daily Super Trend at ₹1210.93 and the monthly Super Trend at ₹1783.52.
- Voltas has experienced a maximum drawdown of -0.39, indicating a significant decline from its previous high.
- Recent performance shows negative returns, with a -0.22 return over the past year and a -0.20 year-to-date return as of 2026-09-18.
- Tata Group stocks, including Voltas, have faced pressure due to developments related to Tata Sons.

- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more

### FAQs

**What is the recent legal development concerning Voltas Limited in Qatar and its financial implications?**

On August 30, 2026, the Court of Cassation in Qatar dismissed an appeal by OHL International and Contrack (Cyprus) Limited. This ruling upheld a previous order requiring them to pay outstanding amounts and compensation to the Kentz-Voltas Consortium. Following this, Voltas Limited cancelled bank guarantees it had provided and is proceeding with efforts to recover the awarded amounts.

**What is the current technical trend and key price levels for Voltas Limited as of September 18, 2026?**

As of September 18, 2026, Voltas Limited's daily trend indicators suggest a bearish direction, with the Supertrend at 1210.93. The closing price was ₹1110.9. Key technical levels to monitor include immediate resistance at ₹1117.67 and support at ₹1110.23.

**How has Voltas Limited performed over different periods leading up to September 18, 2026?**

In the short term, Voltas Limited experienced a return of -2% in the last day and -11% in the last month, as of September 18, 2026. Over a longer horizon, the stock showed a -22% return over the last year and a -39% return since its inception.

**What corporate events has Voltas Limited scheduled for September 2026?**

Voltas Limited has scheduled meetings with institutional investors and analysts on September 22, 2026. These meetings, held in both physical and virtual formats at Voltas House in Mumbai, are intended to discuss the company's performance following the Q1 results. Nippon India Mutual Fund is noted as a specific participant.

- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more
- Voltas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Voltas Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Voltas Limited has informed the Exchange about update on a Pending Material Litigation as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,133.77
- Risk regime: Higher Price Risk

### Support levels
- 1110.2333333333331

### Resistance levels
- 1179
- 1304.45
- 1335.402734375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.12% |
| return_10 | -5.70% |
| return_1m | -11.33% |
| return_1y | -22.11% |
| return_20 | -8.91% |
| return_3m | -18.17% |
| return_5 | -4.11% |
| return_6m | -21.91% |
| return_since_start | -39.19% |
| return_ytd | -19.75% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -39.49% |
| annualized_volatility | +33.61% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit Grows Faster Than Revenue as Margins Improve

Voltas Limited reported results for FY2026-27 Q1 as of 2026-06-30, showing a year-on-year revenue increase of nearly 19% alongside a sharper rise in profitability. Profit before tax grew 41.2% from the same quarter last year and 46.3% from the preceding quarter, while profit for the period rose 51.3% year-on-year and 87.6% sequentially. These percentage gains exceeded the corresponding revenue changes, resulting in higher margins at both the total company and operating segment levels. Basic earnings per share also increased across both comparisons.

## Revenue and Segment Trends

Total revenue from operations was ₹4,673.50 crore, compared with ₹3,938.58 crore in the year-earlier quarter and ₹4,887.83 crore in the preceding quarter. This represents an 18.7% year-on-year increase and a 4.4% sequential decline. 

Segment revenue from operations was ₹4,623.30 crore, up 18.2% from ₹3,912.29 crore a year earlier and down 4.6% from ₹4,843.54 crore in the preceding quarter. The preceding quarter was the highest-revenue quarter among the five reported quarters, meaning the sequential decline followed a higher base. Segment revenue closely tracked total revenue across both timeframes.

## Profitability and Margins

Profit before tax reached ₹322.70 crore, rising from ₹228.60 crore a year earlier and ₹220.51 crore in the prior quarter. Profit for the period (net profit) increased to ₹212.76 crore from ₹140.61 crore and ₹113.43 crore, respectively. 

As a result, profit before tax as a percentage of revenue from operations expanded to 6.9%, up from 5.8% a year ago and 4.5% in the preceding quarter. Profit for the period as a percentage of revenue from operations rose to 4.6%, compared with 3.6% and 2.3% over the same comparisons. Basic earnings per share increased to ₹6.46 from ₹4.25 a year earlier and ₹3.51 in the prior quarter.

## Expense Movements

Finance costs were ₹12.75 crore, lower than ₹13.53 crore a year earlier and ₹22.20 crore in the preceding quarter, marking a 42.6% sequential decline. Other expenses were ₹498.90 crore, up 10.9% year-on-year from ₹449.95 crore but down 8.1% sequentially from ₹542.93 crore. The sequential reduction in these two expense lines occurred alongside the 4.4% sequential drop in revenue and the sharp sequential increase in profit.

## Segment Profit Performance

Segment profit before tax was ₹285.46 crore, up 40.8% year-on-year from ₹202.72 crore and 54.7% sequentially from ₹184.50 crore. This growth rate outpaced segment revenue growth of 18.2% year-on-year and a 4.6% sequential decline. Segment profit before tax as a percentage of segment revenue rose to 6.2%, compared with 5.2% a year ago and 3.8% in the preceding quarter, indicating wider profitability at the operating segment level.

## Management Commentary

Management reported strong Q1 FY27 performance with RAC volumes up 45% YoY, achieving a 17.3% market share and a record 1 million units sold in 81 days. Despite commodity inflation and currency depreciation, segment margins improved through price increases and cost optimisation initiatives, including strategic sourcing and localisation. The company expanded distribution across Tier II and Tier III markets and launched AI-powered Vertis Split ACs to drive premiumisation.

Looking ahead, management aims to consolidate RAC leadership, scale Voltbek (which posted record quarterly sales with growing market shares in appliances), and navigate geopolitical risks delaying international project orders in the Middle East. A proposed JV with Atomberg to build compressors locally targets reduced import dependence. With a healthy balance sheet, a project order book of over ₹6,345 crores, and a focus on profitable growth, Voltas expects to capitalise on emerging opportunities.

## Key Takeaway

Voltas delivered a quarter of year-on-year revenue growth of nearly 19%, with profit before tax and profit for the period rising at significantly faster rates. Margins expanded at both the consolidated and segment levels. The sequential revenue decline from a higher fourth-quarter base did not prevent sequential profit growth; finance costs and other expenses were lower than the preceding quarter, and basic earnings per share increased year-on-year and sequentially. Earnings were higher than both the prior-year and preceding-quarter levels.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_17092026184210_SE_Intimation_Letter.pdf)
- 2026-09-17 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260917_184922639.xml)
- 2026-09-17 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260917_184931224.xml)
- 2026-09-17 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260917_184939736.xml)
- 2026-09-01 — Litigation Disclosure: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_01092026185044_Reg_30_SIdra_disclosure_01092026_signed.pdf)
- 2026-09-01 — Litigation Disclosure: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_231_WebXMLFile_20260901_190501201.xml)
- 2026-08-20 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_20082026182809_SE_Intimation_signed.pdf)
- 2026-08-20 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260820_183453651.xml)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_231_WebXMLFile_20260814_200114215.xml)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026172448_02_Reg_30_disclosure_signed.pdf)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260814_213244569.xml)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026212349_SEIntimationAudioRecording.pdf)
- 2026-08-14 — Press Release: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026173003_03_Results_signed.pdf)
- 2026-08-14 — Earnings Presentation: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026181014_Signed_CoveringandInvestorPresentation.pdf)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026171531_01_Outcome_signed.pdf)
- 2026-08-14 — Press Release: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026173310_04_Signed_Press_Release_JV.pdf)
- 2026-08-14 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_14082026181231_02_Reg_30_disclosure_signed.pdf)
- 2026-08-10 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_231_WebXMLFile_20260810_184100380.xml)
- 2026-08-07 — Generic Announcement: Voltas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_231_WebXMLFile_20260807_194511642.xml)
- 2026-07-28 — Generic Announcement: Mr. Jogesh Jaitly, Head Sales for Voltas' Unitary Products Business, will retire on March 31, 2027. Mr. Karan Sehgal will join Voltas on August 3, 2026, and assume the role of Head Sales, Unitary Products Business, effective October 1, 2026, following a transition period with Mr. Jaitly. — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_28072026160713_changeinkmp280726.pdf)
- 2026-07-28 — Official Filing: Voltas Limited reports the cessation of Jogesh Jaitly as Head Sales, Unitary Product Business due to superannuation or retirement, effective March 31, 2027. Concurrently, Karan Sehgal has been appointed as the new Head Sales, Unitary Product Business, effective August 3, 2026. Sehgal brings extensive experience from ITC Limited, where he held various leadership roles.
- 2026-07-13 — Generic Announcement: Taneja Aerospace and Aviation Limited will hold its 37th Annual General Meeting on August 4, 2026, via video conference. EIH Associated Hotels Limited will hold its 43rd AGM on August 4, 2026, also via video conference, with a record date of July 28, 2026, and has recommended a final dividend of Rs. 3.50 per equity share. Safari Industries (India) Limited will hold its 46th AGM on August 4, 2026, via video conference, with a cut-off date of July 29, 2026, for e-voting. Lodha Developers Limited will hold its 31st AGM on August 14, 2026, via video conference, with a cut-off date of August 7, 2026, for e-voting. Khadim India Limited will hold an Extra-Ordinary General Meeting on August 1, 2026, via video conference, with a cut-off date of July 25, 2026, for e-voting. Voltas Limited is urging shareholders to update KYC details and claim unpaid/unclaimed dividends before September 9, 2026, to avoid transfer to the IEPF. Elecon Engineering Company Limited reported its unaudited financial results for the quarter ended June 30, 2026, with total income from operations of Rs. 39,824 lakhs (standalone) and a net profit after tax of Rs. 5,857 lakhs (standalone). Sika Interplant Systems Limited has opened a special window from February 5, 2026, to February 4, 2027, for the transfer and dematerialisation of physical securities. JM Financial Limited will hold its 41st AGM on August 3, 2026, at Ravindra Natya Mandir, Mumbai. — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_13072026160049_SE_Intimation_signed.pdf)
- 2026-07-08 — Generic Announcement: Voltas Limited has published newspaper advertisements on July 8, 2026, in Business Standard and Sakal, informing shareholders about a special window from February 5, 2026, to February 4, 2027. This window facilitates the lodgement/re-lodgement of transfer requests for physical shares sold or purchased before April 1, 2019. The information is also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_08072026171949_SE_Intimation.pdf)
- 2026-07-08 — Generic Announcement: Voltas Limited, through its Registrar and Share Transfer Agent MUFG Intime India Private Limited, has certified compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate confirms that details of securities dematerialized during the quarter have been furnished to the Depositories and Stock Exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_08072026160946_74_5_Q1FY27signed.pdf)
- 2026-06-30 — Generic Announcement: Voltas Limited held its 72nd Annual General Meeting on June 30, 2026, via video conferencing. The meeting transacted business including the adoption of financial statements for the year ended March 31, 2026, declaration of a dividend of ₹4 per equity share, appointment of directors, appointment of a non-independent director, and ratification of cost auditor remuneration. All resolutions presented were passed with the requisite majority, and the results were to be submitted to stock exchanges by July 2, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/VOLTAS_RB_30062026224858_SignedProceedingsFinal.pdf)

## News and market events

- 2026-09-18 — BUSINESS: **Tata Group stocks under pressure amid Tata Sons listing dispute** — Tata Group stocks declined on Friday after advancing in the previous session, as investors reacted to fresh developments at the group's holding company, Tata Sons. — [Source](https://www.business-standard.com/markets/capital-market-news/tata-group-stocks-under-pressure-amid-tata-sons-listing-dispute-126091800481_1.html)
- 2026-09-18 — BUSINESS: **Nifty regains 23,300 mark, midcaps, smallcaps gain** — The key equity barometers firmed up further in early afternoon trade, supported by easing crude oil prices and softer global bond yields. Market sentiment also received a boost after Moodys raised its India FY27 GDP growth forecast to 7%, citing the resilience of the domestic economy despite ongoing geopolitical tensions in West Asia. The Nifty regained the 23,300 mark. Tata Group stocks remained under pressure amid profit-takin — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-regains-23-300-mark-midcaps-smallcaps-gain-126091800476_1.html)
- 2026-09-18 — BUSINESSTODAY: **Noel Tata at the centre of Tata Sons board tussle: A look at his 40-yr career, educational qualification and more** — Noel Tata, who is Noel Tata, all about Noel Tata, Noel Tata educational qualifications, Tata Group, Noel Tata journey in Tata Group, Noel Tata roles in Tata Group, Noel Tata family, Noel Tata children, Aloo Mistry, Cyrus Mistry, Leah Tata, Maya Tata, Neville Tata, N Chandrasekaran, Noel Tata vs N Chandrasekaran, Tata Trusts, Tata Group companies, Tata Group stocks, Trent, Tata International, Voltas, Tata Investment Corporation, Tata Steel, Titan Company, Indian Hotels Company Limited, IHCL, Sir Ratan Tata Trust, Sir Dorabji Tata Trust, JN Tata Endowment, Tata Education Trust, RD Tata Trust, The JRD and Thelma J Tata Trust — [Source](https://www.businesstoday.in/latest/corporate/story/noel-tata-at-the-centre-of-tata-sons-board-tussle-a-look-at-ratan-tatas-half-brothers-40-yr-career-educational-qualification-and-more-556347-2026-09-18)
- 2026-09-11 — Economic Times: **LG Electronics India in Jefferies’ ‘pole position’; bull case points to 21% upside** — Jefferies retains a Buy rating on LG Electronics India with a Rs 1,895 target and sees Rs 2,000 in its bull case. Growth could come from premiumisation, exports, B2B expansion, higher in-house production and Sri City capacity expansion over time. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/lg-electronics-india-in-jefferies-pole-position-bull-case-points-to-21-upside/articleshow/134061715.cms)
- 2026-08-23 — MONEYCONTROL: **Broader indices outperform; Smallcap index scales fresh high** — stock market, bse, nse, broader indices, smallcap index — [Source](https://www.moneycontrol.com/news/business/markets/broader-indices-outperform-smallcap-index-scales-fresh-high-14013166.html)
- 2026-08-21 — The Hindu: **Appliance maker Atomberg Technologies files for IPO** — Atomberg Technologies files for an IPO worth ₹450 crore, aiming to boost growth in India's consumer appliances market. — [Source](https://www.thehindubusinessline.com/markets/appliance-maker-atomberg-technologies-files-for-ipo/article71372113.ece)
- 2026-08-21 — CNBC-TV18: **Atomberg Technologies files DRHP for IPO; eyes ₹450 crore fresh issue** — Atomberg Technologies' IPO comprises a fresh issue of equity shares worth up to ₹450 crore and an offer for sale (OFS) of up to 7.65 crore equity shares of face value ₹10 each. — [Source](https://www.cnbctv18.com/market/atomberg-technologies-files-drhp-sebi-for-ipo-eyes-450-crore-fresh-issue-19974120.htm)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market Highlights: Sensex ends 281 points lower at 77,728; Nifty down 78 at 24,288** — Stock Market Highlights: Indian equity markets ended mixed on Monday, with the Sensex and Nifty closing 0.3% lower after CAS adjustments, while broader markets outperformed. The Sensex slipped 281 points to 77,728, while the Nifty fell 78 points to 24,288. Nifty Bank, however, closed 7 points higher at 57,498, while the Midcap index gained 35 points to 63,817. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-17 — CNBC-TV18: **Stock market fall explained: Why Sensex, Nifty ended lower despite Midcaps outperforming** — The Nifty Bank recovered from its lows to close 7 points higher at 57,498, supported by gains in financial stocks. The Midcap Index also ended in the green, rising 35 points to 63,817, although overall market breadth favoured declines. — [Source](https://www.cnbctv18.com/market/stock-market-fall-explained-why-sensex-nifty-ended-lower-despite-midcaps-outperforming-19971028.htm)
- 2026-08-17 — Mint: **Top Gainers & Losers on 17 August: NMDC Steel, LG Electronics, BSE, Tata Tech, Infosys, Voltas among top losers | Stock Market News** — Indian stocks remained subdued on August 17, with the Nifty down 0.11% and the Sensex down 0.19% due to ongoing Middle East conflicts and high crude oil prices. Despite this, midcap and small-cap indices saw slight gains. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-17-august-nmdc-steel-lg-electronics-bse-tata-tech-infosys-voltas-among-top-losers-11786961037869.html)
- 2026-08-17 — BUSINESS: **Nifty trades near 24,350 level; European markets open higher amid easing Fed hike expectations** — The benchmark indices continued to pare losses in afternoon trade as investors continued to assess the slew of latest corporate earnings announcements. The Nifty traded near the 24,350 mark. Metals, realty and private bank stocks advanced while pharma, FMCG and IT shares declined. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-trades-near-24-350-level-european-markets-open-higher-amid-easing-fed-hike-expectations-126081700586_1.html)
- 2026-08-17 — The Hindu: **Sensex today | Stock Market LIVE: Sensex off day's low; down 200 points, Nifty holds 24,300; Voltas shares fall 6%** — Sensex, Nifty, Share Prices Live updates: At 12:00 pm, Sensex dropped 407.68 points or 0.52% to 77,601.57, Nifty slipped 94.90 points (-0.39%) to 24,271.10 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-17th-august-2026/article71354693.ece)
- 2026-08-17 — MONEYCONTROL: **Price Action | Saatvik Green Energy shares slip 7%; Dr Reddy’s under pressure after four USFDA observations** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/price-action-saatvik-green-energy-shares-slip-7-dr-reddy-s-under-pressure-after-four-usfda-observations-14007030.html)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 50 pts lower; M&M in focus** — Stock Market Live Updates: The Nifty has been grinding lower even as it consolidates in a narrow range. The index has lost 300 points in the last six sessions, despite a better-than-expected earnings season. Oil prices remain near $90 a barrel. Watch for movements on the USD-INR and further block deal announcements. Watch this space for all the LIVE stock market updates, management commentary and stocks in news. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-17 — Economic Times: **Stocks in news: Cochin Shipyard, Voltas, Patanjali Foods, and PhysicsWallah** — Indian stock markets experienced a range-bound week with minor losses for Sensex and Nifty. Analysts are watching four key factors that will influence Dalal Street's action this week. Cochin Shipyard reported a profit decline, while Voltas saw a significant profit surge. Patanjali Foods and Kwality Wall's also posted profit increases. PhysicsWallah narrowed its net loss, and NMDC reported a profit rise. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-cochin-shipyard-voltas-patanjali-foods-and-physicswallah/articleshow/133279798.cms)
- 2026-08-17 — Mint: **Stocks to watch: Reliance Industries, Cochin Shipyard, NMDC among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,393.5 mark, down over 56 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-reliance-industries-cochin-shipyard-nmdc-among-shares-in-focus-today-check-list-here-11786932151439.html)
- 2026-08-17 — BUSINESSTODAY: **Top stocks in news: RIL, Dhoot, Dr Reddys, Molbio, GMR Airports, PB Fintech, Voltas, BEML** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Reliance Industries, RIL, Dhoot Transmission, Dr Reddys Laboratories, Molbio Diagnostics, GMR Airports, PB Fintech, BEML, Voltas, CESC, Physicswallah, Rubicon Research, Juniper Green Energy, Kitex Garments, Texmaco Rail & Engineering — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-ril-dhoot-dr-reddys-molbio-gmr-airports-pb-fintech-voltas-beml-549477-2026-08-17)
- 2026-08-14 — CNBC-TV18: **Earnings Central: Ashok Leyland, Voltas shine on Friday as Natco Pharma takes a hit** — Ashok Leyland, Voltas and Bharat Dynamics closed the week with strong numbers, while pharma names such as Natco and Alkem faced a tougher session. Management commentary from Solar Industries, Page Industries and Canara Bank added more colour. — [Source](https://www.cnbctv18.com/market/earnings-central-ashok-leyland-voltas-shine-friday-natco-pharma-takes-hit-19969966.htm)
- 2026-08-14 — The Hindu: **Q1 Results Today Live: BDL, Ashok Leyland, 3M India Q1 PAT rise y-o-y, Electrotherm, NATCO Pharma, Alkem Lab PAT decline, NMDC, Voltas, Cochin Shipyard, Physicswallah, PTC Ind, Borosil to announce Q1 results** — Q1 Results Today, 14th August 2026 Live Updates:  Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-ashok-leylad-nmdc-alkem-lab-bharat-dynamics-voltas-3m-india-cochin-shipyard-physicswallah-cholamandalam-fin-ptc-ind-natco-pharma-tmpv-results-14-august-2026/article71340415.ece)
- 2026-08-14 — CNBC-TV18: **Voltas Q1 profit jumps 52% as AC volumes surge 45%; Voltbek sales hit record** — Shares of Voltas Ltd ended at ₹1,325.00, up by ₹36.30, or 2.82%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/voltas-share-price-q1-profit-jumps-52-as-ac-volumes-surge-45-voltbek-sales-hit-record-19969848.htm)
- 2026-08-14 — DECCANCHRONICLE.COM: **Tata Trusts Plans Panel to Select Tata Sons Chief** — Reports suggest next chairman is likely to be Tata insider — [Source](https://www.deccanchronicle.com/business/tata-trusts-plans-panel-to-select-tata-sons-chief-1979040)
- 2026-08-13 — The Hindu: **Sensex today | Stock Market Live:  Sensex, Nifty trade lower despite positive global cues; crude prices remain a concern** — Sensex, Nifty, Share Prices Live: Indian equities remained subdued despite stronger Asian markets, with firm crude prices and geopolitical risks keeping investors cautious. Domestic inflation, MSCI’s latest reshuffle and expectations around RBI policy are also likely to influence trading sentiment during Thursday’s session. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-13th-august-2026/article71337670.ece)
- 2026-08-12 — The Hindu: **Chandra’s exit announcement wipes off ₹45,000 crore market cap from Tata stocks in a day** — Tata Consultancy Services, the group’s largest listed entity with a market cap of ₹8.50 lakh crore, bore the sharpest absolute brunt, closing down 3.93 per cent at ₹2,349.70 — [Source](https://www.thehindubusinessline.com/companies/chandras-exit-announcement-wipes-off-45000-crore-market-cap-from-tata-stocks-in-a-day/article71337494.ece)
- 2026-08-06 — CNBC-TV18: **Market Pulse: Key triggers to watch before the August 7 trading session** — Crude oil prices remain in focus as uncertainty over an Iran-Oman deal to partially reopen the Strait of Hormuz persists, while US markets traded largely flat overnight. Indian investors will also track the US labour market after initial jobless claims remained below 200,000 for a third straight week. Back home, the June quarter earnings of State Bank of India (SBI), along with results from Trent, FSN E-Commerce Ventures (Nykaa), Titan Company, Bharti Airtel, Voltas, Bharat Forge, Mahanagar Gas, Tata Chemicals and Aditya Birla Capital, will be key market triggers. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-august-7-trading-session-19963647.htm)

## Business profile

**Strategic vision:** Indian multinational company operating in cooling, projects, and engineering services.

### Business segments
- **Unitary Cooling Products (UCP):** This segment focuses on consumer appliances, primarily manufacturing and distributing room air conditioners and air coolers, and expanding into home appliances through a joint venture.
- **Electromechanical Projects & Services (EMPS):** This segment delivers MEP and HVAC solutions for enterprises and government entities, executing projects both in India and internationally through a subsidiary.
- **Engineering Products & Services (EPS):** This segment represents leading equipment manufacturers, facilitating sales, distribution, and after-sales service for machinery in sectors like Textile Machinery and Mining & Construction Equipment.

### Competitive strengths
- Part of the Tata Group conglomerate.
- Extensive distribution networks for consumer products.
- Project execution expertise for large-scale electromechanical services.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/voltas
Markdown representation: https://faxioms.com/stocks/voltas?render=md