Havells India Limited reported a consolidated net profit of ₹347.53 crore for the first quarter ended June 30, 2025, a 14.7% decrease compared to ₹407.51 crore in the corresponding quarter of the previous year. The company's revenue from operations stood at ₹5,455.35 crore, slightly lower than ₹5,806.21 crore in Q1 FY24.
Q1 FY26 Financial Results (in ₹ crore)
Metric
Q1 FY26
Q1 FY25
YoY Change
Q4 FY25
QoQ Change
Net Profit
347.53
407.51
-14.7%
517.00
-32.8%
Revenue
5,455.35
5,806.21
-6.0%
6,543.56
-16.6%
Financial Performance
The company's total income for Q1 FY26 was ₹5,524.53 crore, compared to ₹5,883.54 crore for Q1 FY25. Total expenses for the quarter amounted to ₹5,054.78 crore, compared to ₹5,334.54 crore in the same quarter last year. The profit before tax stood at ₹469.75 crore, down from ₹549.00 crore year-on-year. Income tax expense for the quarter was ₹122.22 crore.
Segment Performance
Segment-wise, Switchgears revenue was ₹629.83 crore, Cables revenue was ₹1,933.22 crore, Lighting & Fixtures revenue was ₹380.15 crore, Electrical Consumer Durables revenue was ₹907.33 crore, and Lloyd Consumer revenue was ₹1,271.11 crore. Segment results showed Switchgears contributing ₹147.56 crore, Cables contributing ₹242.63 crore, Lighting & Fixtures contributing ₹45.52 crore, Electrical Consumer Durables contributing ₹78.83 crore, and Lloyd Consumer reporting a loss of ₹20.92 crore.
Investment in Goldi Solar Private Limited
During the quarter, Havells India invested ₹600 crore in Goldi Solar Private Limited to boost growth in the renewable energy sector. This investment represents a 9.09% stake through equity and Compulsorily Convertible Preference Shares (CCPS).
Other Key Points
The company allotted equity shares to eligible employees under the Havells Employee Stock Purchase Plan 2014, 2015 and 2016. The unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors on July 21, 2025.
