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Havells India Q3 PAT seen up 13% at Rs 69 cr
Havells India is likely to report a profit after tax of Rs 69 crore in the third quarter of FY12, rising 13% as compared to Rs 61 crore in a year ago quarter.
Havells India is likely to report a profit after tax of Rs 69 crore in the third quarter of FY12, rising 13% as compared to Rs 61 crore in a year ago quarter.
Net sales are seen going up by 20% to Rs 866 crore from Rs 722 crore year-on-year.
EBITDA is expected to go up by 25% to Rs 107 crore in the quarter ended December FY12 versus Rs 86 crore in an earlier quarter. Operating profit margin is likely to be at 12.31% versus 11.86% year-on-year.
Highlights
- Domestic growth expected to remain strong
- Expect robust revenue growth led by all segments
- Forex losses due to rupee depreciation may cap profitability
- Company's presence in switchgears, cables & wires, lighting, electrical consumer durable segment, makes it more of a proxy play on domestic consumption
- Robust growth in domestic consumption and wide distribution network provide strong revenue growth visibility over FY11-13E
- Sylvania, which was earlier impacted by European slowdown, has recovered faster due to successful implementation of cost cutting initiatives
