Mumbai, June 28: Voltas group has reported a 15.22 per cent rise in consolidated net profit at Rs 29.74 crore for the financial year ended March 31, 2003, compared to Rs 25.81 crore posted previous fiscal. The board has recommended a 25 per cent dividend (18 per cent in last year) for the period under review, the company said in a release on Friday.

Net sales/income from operations on consolidated basis was also higher at Rs 1,342.12 crore (Rs 956.76 crore), it added.
On standalone basis, Voltas has registered a net profit of Rs 25.58 crore (Rs 16.83 crore) in FY-03 while net sales grew to Rs 1,230.41 crore (Rs 940.66 crore).
During the fourth quarter, the net profit and net sales stood at Rs 12.44 crore (Rs 11.46 crore) and Rs 378.49 crore (Rs 281.59 crore) respectively. Bureau Report