Havells Q4 profit dips 74% to Rs94.70 crore

Havells total income during the fourth quarter was at Rs1,873.44 crore, up 17.22% from Rs1,598.18 crore in the corresponding quarter last fiscal


Havells total expenses grew 18.93% to Rs1,639.77 crore, from Rs1,378.67 crore earlier. Photo: Mint
Havells total expenses grew 18.93% to Rs1,639.77 crore, from Rs1,378.67 crore earlier. Photo: Mint

New Delhi: Consumer electrical goods maker Havells India on Thursday reported a decline of 74.10% in its standalone net profit at Rs94.70 crore for the fourth quarter ended 31 March 2017.

The company had reported a net profit of Rs365.74 crore in the January-March period a year-ago, Havells said in a BSE filing.

Its total income during the quarter under review was at Rs1,873.44 crore, up 17.22% from Rs1,598.18 crore in the corresponding quarter last fiscal.

Havells’ total expenses grew 18.93% to Rs1,639.77 crore, from Rs1,378.67 crore earlier. Shares of Havells India were trading at Rs516.60 on BSE during the afternoon trade, up 3.10% from the previous close.

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