Voltas Limited (NSE:VOLTAS)

Voltas Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	153,387	142,445	154,128	124,812	94,988	79,345
Revenue Growth	8.33%	-7.58%	23.49%	31.40%	19.72%	5.01%
Gross Profit Gross Profit Growth	35,280	31,662	34,486	26,480	21,057	20,264
Operating Income Operating Income Growth	7,834	6,410	11,052	4,543	5,593	6,698
Net Income Net Income Growth	4,675	3,759	8,414	2,520	1,350	5,041
Earnings Per Share EPS Growth	14.13	11.36	25.43	7.62	4.08	15.23
EPS Growth	-14.66%	-55.33%	233.88%	86.65%	-73.22%	-4.01%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Unitary Cooling Products Unitary Cooling Products Growth	107,779	95,006	106,139	81,605	64,745	48,819
Electro - Mechanical Projects and Services Electro - Mechanical Projects and Services Growth	36,527	40,525	41,568	36,830	24,029	24,705
Engineering Products and Services Engineering Products and Services Growth	6,692	5,994	5,692	5,879	5,220	4,887
Inter Segment Inter Segment Growth	-126.8	-296	-195	-240.6	-	-
Unallocated Other Operating Income Unallocated Other Operating Income Growth	-	1,215	923.4	738.5	994	933.8
Total Total Growth	152,087	142,445	154,128	124,812	94,988	79,345

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	16,836	12,949	17,062	17,935	10,961	10,475
Total Debt Total Debt Growth	15,629	9,925	8,920	7,436	6,506	3,608
Net Cash (Debt) Net Cash Growth	1,207	3,025	8,142	10,499	4,455	6,867
Net Cash Growth	-	-62.85%	-22.44%	135.67%	-35.13%	33.21%
Net Cash Per Share Net Cash Per Share Growth	3.65	9.14	24.61	31.73	13.46	20.75

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	7,039	709.7	-2,252	7,615	1,594	5,842
Capital Expenditures CapEx Growth	-1,369	-1,327	-2,082	-2,931	-1,799	-481.6
Free Cash Flow Free Cash Flow Growth	5,670	-617.7	-4,333	4,685	-205.5	5,361
Free Cash Flow Growth	-	-	-	-	-	0.15%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	23.00%	22.23%	22.38%	21.22%	22.17%	25.54%
Operating Margin	5.11%	4.50%	7.17%	3.64%	5.89%	8.44%
Pretax Margin	4.36%	3.91%	7.73%	3.89%	3.23%	8.79%
Profit Margin	3.05%	2.64%	5.46%	2.02%	1.42%	6.35%
FCF Margin	3.70%	-0.43%	-2.81%	3.75%	-0.22%	6.76%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	4.000	4.000	7.000	5.500	4.250	5.500
Dividend Per Share Growth	-42.86%	-42.86%	27.27%	29.41%	-22.73%	10.00%
Dividend Yield	0.36%	0.31%	0.48%	0.50%	0.52%	0.44%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	79.45	112.04	57.37	144.90	200.54	81.75
Forward PE	45.20	49.66	49.10	51.17	45.89	50.15
P/FCF Ratio	65.52	-	-	77.95	-	76.87
PS Ratio	2.42	2.96	3.13	2.93	2.85	5.19

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error