Annual Report 2008-2009 of Voltas Limited

It is a broadly described annual report of Voltas Limited in the year of 2008-2009. During the financial year, Total assets of the Company stood at Rs. 85743.65 Crores. The Company’s Sales and Services, net of Excise duty, increased by 32% in 2008-09 to Rs. 4042.55 Crores from Rs. 3055.36 Crores in 2007-08. The Profit before exceptional items and tax was Rs. 335 Crores, an increase of 21%. Profit before Tax increased by 19% in 2008-09 to Rs. 367.33 Crores from Rs. 307.54 Crores in 2007-08. The Company’s Net Profit for the year 2008-09 was higher by 21% at Rs. 252.59 Crores as compared to Rs. 208.36 Crores for the year 2007-08. Earnings per share of Rupee one face value, for the year, was Rs. 7.63 as against Rs. 6.30, last year, an increase of 21%.

The Board of Directors of the Company has recommended a dividend of Rs. 1.60/- per equity share of Rs. 1/- each (@160%) for the year 2008-2009 (2007-2008: @135%).

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