Havells Q3 net seen up 2%, demonetisation impact may be limited

Electrical equipments manufacturer Havells India is expected to see limited impact of demonetisation on its quarterly earnings, analysts say.

Profit is seen rising 1.5 percent year-on-year to Rs 123 crore and revenue may increase 1.7 percent to Rs 1,368 crore in the quarter ended December 2016, according to average of estimates of analysts polled by CNBC-TV18.

However, EBITDA (earnings before interest, tax, depreciation and amortisation) during the quarter may fall 3.5 percent to Rs 177 crore and margin may contract 70 basis points to 12.9 percent compared with year-ago period.

Analysts say price hikes taken by the company and restocking by dealers may aid revenue while increase in copper price and discount might hurt margin a bit.