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News Topical, Digital Desk : Voltas released its quarterly results in the final moments of market hours on Thursday. The company reported a sharp decline in quarterly profits. Its September quarter profits fell by more than 74 percent. Revenue fell by more than 10 percent. EBITDA declined 57 percent year-over-year. Margins also declined sharply. The company's results fell well below market expectations. The stock closed down more than half a percent in Thursday's session.
How did the stock perform? The stock closed at 1327 on the BSE, down 0.6%. The stock has been under pressure for some time. On October 24, the stock closed above the 1440 level, after which it has been declining. The stock reached a year-long low of 1135 in early February this year. At the beginning of the year, the stock was above the 1800 level.
Read More: Ruchira Papers Q2 Results: Profit falls to ₹16 crore, margins fall but stock rises
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