Havells India on October 19 reported a net profit of Rs 249.08 crore for the quarter ended September, up 33 percent from Rs 187.01 crore in the year-ago period.
The company reported a 6 percent year-on-year (YoY) rise in consolidated revenue from operations at Rs 3900.33 crore against Rs 3,679.49 crore from the year ago.
Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) for the company grew 30 percent YoY to Rs 373 crore in the July-to-September quarter.
The company said that it witnessed consumer demand softness in the July-to-September quarter, however it is positive for the upcoming festival season. It said that growth was primarily driven by housing segment and government’s sustained thrust on infrastructure projects.
Segment-wise results
Revenue from switchgears segment grew 9 percent YoY to Rs 532 crore, driven by infrastructure and construction. Revenue from cables grew 8 percent YoY to Rs 1470 crore which was aided by infrastructure projects. Electrical Consumer Durables fell 5 percent YoY to Rs 733 crore due to weak demand after a shift in consumer durable.
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