Electrical goods maker Havells India on Wednesday reported a 28.32 percent increase in its standalone net profit to Rs 121.47 crore for the third quarter ended December 31, 2013. The company had posted a standalone net profit of Rs 94.66crore for the same period of the previous fiscal.
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Net sales of the company rose to Rs 1,174.03 crore for the third quarter, as compared to Rs 1,052.09 crore during the same period of the previous financial year, Havells India said in a statement.
Havells India joint managing director Anil Rai Gupta said the growth momentum continued in the current quarter, aided by good response for the products across segments. The new product launches during this period have also been received well by customers, he added.
On the outlook, Gupta said, “Going ahead, we expect to maintain our leadership position through a strategic mix of new product launches and going deeper into the hinterland by strengthening distribution.”
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