Moneycontrol
HomeNewsBusinessEarningsHavells India Q2 profit down 5% on lower operational growth
Trending Topics

Havells India Q2 profit down 5% on lower operational growth

Total income from operations grew by 16.3 percent, in-line, to Rs 1,365 crore in July-September quarter compared to Rs 1,174 crore in the same quarter last year.

October 22, 2014 / 16:09 IST
Story continues below Advertisement

Moneycontrol Bureau

Electrical equipment manufacturer Havells India's standalone profit after tax declined 4.9 percent year-on-year to Rs 119.61 crore (missed street expectations) in the quarter ended September 2014 on lower growth in operational income and higher tax cost. Profit in the year-ago period was Rs 125.72 crore.

Story continues below Advertisement

Total income from operations grew by 16.3 percent, in-line, to Rs 1,365 crore in July-September quarter compared to Rs 1,174 crore in the same quarter last year.

According to the average of estimates of analysts polled by CNBC-TV18, profit was expected at Rs 132 crore on revenue of Rs 1,352 crore for the quarter.