Havells India Q1 profit up 36% to Rs145.58 crore | Mint
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Business News/ Companies / Havells India Q1 profit up 36% to Rs145.58 crore
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Havells India Q1 profit up 36% to Rs145.58 crore

Havells' net sales on standalone basis during the quarter was up 17.05% to `1,455.38 crore

Havell’s revenue from switchgears was up 20.20% to `352.85 crore as against `293.55 crore in the year-ago period. Premium
Havell’s revenue from switchgears was up 20.20% to `352.85 crore as against `293.55 crore in the year-ago period.

New Delhi: Electrical goods maker Havells India Ltd on Saturday reported a 36.27% increase in standalone net profit at 145.58 crore for the first quarter ended 30 June.

The company had posted a net profit of 106.83 crore in the April-June period a year ago, Havells India said in a BSE filing. Its net sales on standalone basis during the quarter under review was up 17.05% to 1,455.38 crore as against 1,243.30 crore from a year ago.

Havells India chairman and managing director Anil Rai Gupta said: “The first quarter has delivered visible improvement across product categories. Apart from growth in headline segments, we have grown in sub-segments like pumps, geysers, exports and Standard. Switchgear segment growth could be partially attributed to base effect of low growth in last year."

He further said: “Cables and wires volume growth continue to be suppressed with low commodity pricing. Lighting and ECD segments have revved up with a promising outlook". Revenue from switchgears was up 20.20% to 352.85 crore as against 293.55 crore in the year-ago period.

Earnings from cable went up by 4.94% to 532.96 crore as compared to 507.86 crore. During the period under review, revenue from lighting and fixtures segment was up 22.12% to 196.21 crore from 160.66 crore, while its electric consumer durables segment revenue rose by 21.06% to 351.42 crore as against 290.27 crore from a year ago.

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Published: 23 Jul 2016, 05:51 PM IST
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