Voltas targets at doubling profits in 4 years

Voltas, a Tata group company is said to have set its target towards doubling its profits in 4 years. This renewed growth strategy is being contemplated after the Tata Sons chairman, Cyrus Mistry urged the CEO's of various Tata Group companies to focus on growth and put on an aggressive approach with the new initiatives. 

Voltas is India's largest air conditioning company, and one of the world's premier engineering solution providers and project specialists. Voltas's operations have been organised into three independent business-specific clusters :- 
1. Electro-Mechanical Projects & Services (Electrical, Mechanical & Refrigeration Solutions , Electrical & Mechanical Solutions (international) , 

2. Engineering Products & Services (Textile Machinery ,Mining & Construction Equipment) and 

3. Unitary Cooling Products (Air conditioners, Commercial Refrigeration, Water Coolers & Dispensers) 

The company has shown a steady growth in profits over past five years. The Q1FY17 profits were impressive at Rs 157.6 crore , up by almost 53 per cent YoY. The stock is up by almost 17 per cent over a 1 year time frame. Over a 6 month period Voltas has delivered 56 per cent returns.