May 18, 2018 / 4:27 AM / 5 days ago

BUZZ-India's Voltas falls to near 7-month low; Q4 consol profit slips 3.1 pct

** AC manufacturer Voltas Ltd falls as much as 7.7 pct to 538.50 rupees, lowest since Oct 27

** Stock posts biggest intraday pct drop since Nov 16, 2016

** March-qtr consol profit falls 3.1 pct from a year earlier to 1.94 bln rupees ($28.58 mln)

** Revenue from air conditioners weak due to pre-buying in Q3 ahead of new energy efficiency norms - CLSA

** Due to unseasonal rains, especially in its largest market north India, worries of a possible washout summer season could dent AC revenues in Q1 - CLSA ($1 = 67.8725 Indian rupees)

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