Air conditioning and engineering services company Voltas Ltd on Friday (November 6) reported a 53.4% year-on-year increase in net profit to ₹52.6 crore for the second quarter of FY27, compared with ₹34.3 crore in the corresponding period last year.
Revenue rose 15.3% to ₹2,707 crore from ₹2,347 crore in the year-ago quarter. The company’s revenue was higher than the CNBC-TV18 poll estimate of ₹2,556 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) surged 82.2% year-on-year to ₹128.3 crore from ₹70.4 crore. EBITDA was also higher than the CNBC-TV18 poll estimate of ₹92 crore.
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The EBITDA margin expanded to 4.7% from 3% in the corresponding quarter last year, beating the CNBC-TV18 poll estimate of 3.6%.
Room air conditioner business drives growth
Voltas continued to maintain its leadership in the Indian room air conditioner (RAC) market, with the business recording 32% volume growth during Q2 FY27. The company held a 17.4% year-to-date market share as of September 2026, retaining its No. 1 position with a 4.2 percentage-point lead over its nearest competitor.
The Unitary Cooling Products (UCP) business recorded 29% revenue growth during the quarter, driven primarily by the RAC segment, which outperformed the broader industry. The business also improved profitability despite commodity and currency-related cost pressures.
Voltbek records best-ever Q2 sales
Voltbek continued to expand its presence in the Indian home appliances market, recording its highest-ever second-quarter sales, supported by an improving product mix, market share gains and distribution expansion. Its year-to-date market share stood at 8.8% in washing machines and 7% in refrigerators.
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The business expanded its product portfolio with a new range of frost-free refrigerators and fully automatic washing machines, alongside sharper product segmentation, consumer engagement and wider distribution.
Projects business order book at over ₹6,800 crore
Voltas’ Electro-Mechanical Projects and Services business maintained its order momentum, with a carry-forward order book of over ₹6,800 crore as of September 30, 2026, providing revenue visibility across domestic and international projects.
Domestic Projects secured orders across industrial infrastructure, electronics manufacturing, metro and tunnel projects, and data centres. The business continued to focus on selective order booking, execution discipline, working capital management and project profitability.
Engineering products and services growth
The Engineering Products and Services segment recorded more than 30% revenue growth during the quarter, supported by Mining and Construction Equipment and Textile Machinery.
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The Mining and Construction Equipment business benefited from growth in crushing and screening equipment, execution of operations and maintenance contracts, stable performance in African operations, and contributions from aftermarket and service businesses.
Voltas said it continued to focus on market competitiveness, product innovation, distribution expansion, cost optimisation and disciplined execution across its businesses.
Mukundan Menon C P, Managing Director, Voltas Ltd, said, “Q2 FY27 reflects the continued progress of Voltas across its businesses, led by our Room Air Conditioner business, which recorded 32% volume growth during the quarter. With a 17.4% market share and a 4.2 percentage point lead over our nearest competitor, we have further consolidated our position as India’s No. 1 Room Air Conditioner brand.
The improvement in profitability of our Unitary Cooling Products business, despite input cost pressures, reflects our focus on operational efficiencies and cost competitiveness. Voltbek continues to gain scale and market share, while our Projects business maintains a healthy order book and disciplined execution.
Our Engineering Products and Services business also recorded robust growth, supported by momentum in Mining and Construction Equipment and Textile Machinery. Our priorities remain clear: strengthen market leadership, accelerate innovation, expand distribution, enhance customer experience and drive sustainable, profitable growth.”
Shares of Voltas Ltd ended at ₹1,096.00, down by ₹27.25, or 2.43%, on the BSE.