1, March, 2024
HomeBusinessVoltas Anticipates a Remarkable Surge: Q3 PAT Expected to Soar 305.9% YoY, Says Prabhudas Lilladhe

Voltas Anticipates a Remarkable Surge: Q3 PAT Expected to Soar 305.9% YoY, Says Prabhudas Lilladhe

Published on

Prabhudas Lilladher, in its Q3 earnings estimates for the Consumer Durables sector (October – December 2024), foresees Voltas reporting an impressive net profit of Rs 109.6 crore, reflecting a substantial 305.9% year-on-year growth (with a noteworthy 198.9% quarter-on-quarter increase).

Read Also | Alphabet’s Q3 Results: Google Cloud Revenue Miss Hits Earnings, Shares Dip Over 5%”

The brokerage house projects a robust performance in Net Sales, expecting a 17.5% year-on-year increase (accompanied by a commendable 2.7% quarter-on-quarter rise) to reach Rs 2,355.8 crore.

Furthermore, the estimates indicate a significant uptick in Earnings before interest, tax, depreciation, and amortization (EBITDA), projecting an 85.1% year-on-year rise (with a remarkable 101.1% quarter-on-quarter increase) to Rs 141.3 crore.

As always, it’s crucial to recognize that the views and investment tips shared by experts on moneycontrol.com are their own. Individuals are strongly advised to seek guidance from certified experts before making any investment decisions.

Read Also | Spotify Thrives in Q3 2023: Profitability and Subscriber Surge

Latest articles

WhatsApp Unveils Handy Pop-Out Chat Feature for Windows Beta

WhatsApp is set to revolutionize user experience with the introduction of a new pop-out...

Not-So-Neighborly Hollywood Stars: Tales of Trespassing and Turmoil

Living next to a Hollywood celebrity might sound like a dream, but for some...

Global Recognition: ‘Drishyam’ Franchise Set for Hollywood Remake After Korean Success

The Drishyam franchise, celebrated for its triumph in India and China, is poised for...

More like this

Bumble Initiates Restructuring, Announces Workforce Reduction

Bumble, the popular dating app, has disclosed plans to terminate approximately 30% of its...

Dailyhunt Nearing Acquisition of Indian Social Network Koo

Dailyhunt is reportedly in the final stages of discussions to acquire Koo, a Bengaluru-based...

Expedia Announces 1,500 Jobs Layout Amid Shifting Travel Landscape

Expedia Group is set to trim its global workforce by 9%, amounting to approximately...
Enable Notifications OK