Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026 (Q2 FY27)

Nature of Filing / Announcement: Unaudited Standalone and Consolidated Financial Results

Date of Board Meeting / Approval: 6th November, 2026

Audit Opinion: Limited Review conducted. No qualifications or modifications reported. The review report states: "nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Auditor's Comment: Clean review opinion with no issues affecting earnings quality, internal controls, or going concern.

Key Financial Highlights [₹ Crores]

Consolidated Results:

Revenue from Operations: Q2 FY27: ₹2,706.57 vs Q2 FY26: ₹2,347.32 (15.3% YoY growth)

Total Income: Q2 FY27: ₹2,746.08 vs Q2 FY26: ₹2,411.93 (13.9% YoY growth)

Profit Before Tax (PBT): Q2 FY27: ₹82.93 vs Q2 FY26: ₹54.12 (53.2% YoY growth)

Profit After Tax (PAT): Q2 FY27: ₹47.71 vs Q2 FY26: ₹31.50 (51.5% YoY growth)

EPS (Basic and Diluted): Q2 FY27: ₹1.59* (not annualized)

Other Equity: ₹6,343.13 crores as of 30th September, 2026

Cash and Cash Equivalents: ₹511.27 crores as of 30th September, 2026

Debt: Total borrowings of ₹951.71 crores (current) and ₹375.80 crores (non-current) on standalone basis

Standalone Results:

Revenue from Operations: Q2 FY27: ₹1,794.93 vs Q2 FY26: ₹1,440.91 (24.5% YoY growth)

Total Income: Q2 FY27: ₹1,832.19 vs Q2 FY26: ₹1,496.37 (22.4% YoY growth)

Profit Before Tax (PBT): Q2 FY27: ₹27.93 vs Q2 FY26: ₹7.57 (269% YoY growth)

Profit After Tax (PAT): Q2 FY27: ₹21.88 vs Q2 FY26: ₹7.33 (198% YoY growth)

EPS (Basic and Diluted): Q2 FY27: ₹0.66* (not annualized)

Other Equity: ₹8,342.44 crores as of 30th September, 2026

Segment-wise Performance [₹ Crores]:

Consolidated Segment Revenue (Q2 FY27):

  • Unitary Cooling Products (UCP): ₹1,566.79 (29% YoY growth)
  • Electro-Mechanical Projects and Services: ₹816.39
  • Engineering Products and Services: ₹185.39 (30+% YoY growth)

Consolidated Segment Results (Q2 FY27):

  • Unitary Cooling Products (UCP): ₹19.74 (improved from loss of ₹45.80 in Q2 FY26)
  • Electro-Mechanical Projects and Services: ₹74.75
  • Engineering Products and Services: ₹52.85

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced in this board meeting.

Other Significant Information:

  • Market Leadership: Voltas maintained No. 1 position in RAC with 17.4% market share (4.2% lead over nearest competitor)
  • RAC Volume Growth: 32% volume growth in Q2 FY27
  • Order Book: Electro-Mechanical Projects order book exceeded ₹6,800 crore
  • Qatar Project Resolution: Favorable resolution of Sidra Bank Guarantee matter eliminated contingent liability of ₹437.99 crores, resulting in write-back of ₹63.04 crores in other operating income
  • PLI Scheme: Received Production Linked Incentive approvals, recognizing ₹25 crores income (₹15 crores for FY26 and ₹5 crores for Q1 FY27)
  • Business Transfer: Ongoing transfer of UAE branches to subsidiary Universal MEP Contracting L.L.C., expected completion by 31st December 2026
  • Seasonality Note: Segment A (Unitary Cooling Products) is seasonal with highest sales generally in first quarter

Entities in Consolidation:

The consolidation includes 12 subsidiaries, 3 joint ventures, and 1 associate, including Voltbek Home Appliances Private Limited, Universal MEP Projects & Engineering Services Limited, and various international entities.