Havells India's Q3 Financial Performance Overview

Consumer electrical goods manufacturer Havells India Ltd announced a 3.45% decline in its consolidated net profit for the third quarter ending December 2024, totaling Rs 277.96 crore. This is a slight decrease from the Rs 287.91 crore net profit recorded in the same quarter the previous year.

Despite the dip in net profit, Havells India saw a 10.76% increase in revenue from operations, reaching Rs 4,888.98 crore in the December quarter, up from Rs 4,413.86 crore in the corresponding period of the last fiscal year.

Financial Highlights and Future Outlook

Total expenses for the quarter rose by 12.18% to Rs 4,575.97 crore, while total income, including other income, grew by 10.81% to Rs 4,953.31 crore. Anil Rai Gupta, Chairman and Managing Director of Havells India, commented on the company's performance, noting healthy growth in consumer, industrial, and infrastructure segments, despite challenges in the wires segment due to commodity fluctuations.

Looking ahead, Gupta remains optimistic about the demand and margin scenario in the forthcoming quarters. The company's board has also declared an interim dividend of 400%, amounting to Rs 4 per equity share of Re 1 each.

On the stock market front, shares of Havells India Ltd closed at Rs 1,557.30 on BSE, marking a 1.94% increase from the previous close.