Home appliances maker Havells India reported a consolidated net profit of Rs 411 crore, up 43 percent YoY on July 18, while there was a 20 percent YoY increase in revenue at Rs 5,798 crore in the June quarter.
The earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter stood at Rs 576 crore, higher by 43 percent YoY. The EBITDA margin contracted to 9.9 percent against 8.3 percent recorded in Q1FY24 and 11.7 percent in Q4FY24.
Following earnings, share price of Havells India recovered after an initial reaction to trade flat at Rs 1872 at 2:55pm.
The company had to contend with higher expenses which offset increased demand for air conditioners and fans amid an intense heatwave across North India.
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