Shares of Havells India jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The firm's revenue from operations rose 10% to Rs 4,888.98 crore in Q3 FY 25 from Rs 4,413.86 crore reported in Q3 FY 24.
The shares opened 0.79% lower at Rs 1,544.95 and later recovered losses to hit an intraday high of Rs 1,617.95 in the early hours of January 17. The stock later pared some gains to trade at Rs 1,574.15.
Although the company reported a rise in revenue, its net profit dropped to Rs 278 crore in Q3 FY 25. This marks a fall of 3% from Rs 287.91 crore net profit reported for the same quarter (Q3) of the previous financial year (FY 24).
Havells also saw a rise in its total expense, which touched Rs 4,575.97 crore in Q3 FY 25. This is over 12% higher than the Rs 4,079.02 expense the company had reported in Q3 FY 24.
The company also announced an interim dividend of Rs 4 per equity share. It will be given to shareholders of the company as on the record date of January 22. The dividend shall be paid to the eligible shareholders of the company on or before February 14.
Havells also saw a rise in its total expense, which touched Rs 4,575.97 crore in Q3FY25. This is over 12% higher than the Rs 4,079.02 expense the company had reported in Q3FY24.
Read about Q3 updates LIVE
The company also announced an interim dividend of Rs 4 per equity share. It will be given to shareholders of the company as on the record date of January 22. The dividend shall be paid to the eligible shareholders of the company on or before February 14.
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