Annual Report 2016-2017 of Voltas Limited

It is a broadly described annual report of Voltas Limited in the year of 2016-2017. During the financial year, Total assets of the Company stood at Rs. 3,98,955.49 Crores. The Company’s Sales and Services were higher by 5%, at Rs. 6,033 Crores as compared to Rs. 5,720 Crores in the corresponding period last year. The Profit before Exceptional items and tax at Rs. 71,917.38 Crores, as compared to Rs. 53,374.47 Crores last year. Profit before tax of the Company for the year was higher by 28%, at Rs. 720 Crores as compared to Rs. 563 Crores last year. The Company’s Net Profit for the period was also higher at Rs. 511 Crores as compared to Rs. 393 Crores last year. The Earnings per Share improved to Rs. 15.38 as compared to Rs. 11.70 last year (Face Value per share Rs. 1/-).

The Board of Directors of the Company has recommended a dividend of Rs. 3.50/- per equity share of Rs. 1/- each (@350%) for the year 2016-2017 (2015-2016: @260%).

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