(Reuters) – Tata Group company Voltas reported nearly a 19% rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers.
Consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier.
Income from operations rose nearly 22% to 33.35 billion rupees.
Its mainstay unitary cooling products segment, which makes goods such as air conditioners, coolers and purifiers, reported a 16% rise in revenue and a 15% increase in volume growth.
Earlier, rivals Blue Star and Havells India also posted a rise in their quarterly earnings.
Voltas shares closed down 0.98% at 828.55 rupees ahead of the results.
($1 = 82.8070 Indian rupees)
(Reporting by Ashna Teresa Britto and Ashish Chandra; Editing by Varun H K and Sohini Goswami)