Havells India witnesses margins expansion in Q2FY17
DSIJ Intelligence / 19 Oct 2016
Havells India has declared its Q2FY17 results on Tuesday. The company’s revenue has increased by 9 per cent to Rs 1452 crore in Q2FY17 as compared to same period in previous fiscal.
Havells India has declared its Q2FY17 results on Tuesday. The company’s revenue has increased by 9 per cent to Rs 1452 crore in Q2FY17 as compared to same period in previous fiscal. Its EBITDA too has risen by 8 per cent to Rs 203 crore in Q2FY17 on a yearly basis. Havells India’s net profit also has boosted by 22 per cent to Rs 146 crore in Q2FY17 as compared to same period in previous fiscal. The company’s net profit margin has expanded by 110 basis points to 8.9 per cent in Q2FY17 on a yearly basis.
On the segmental revenue front, Havells India has earned 23.92 per cent from Switchgears, 38.51 per cent from Cables, 14.58 per cent from Lighting & fixtures, 21.24 per cent from Electrical Consumer Durables and 1.74 per cent from others during Q2FY17.
On the half yearly front, Havells India’s top line has increased by 13 per cent to Rs 2919 crore in H1FY17 as compared to same period in previous financial year. The company’s EBITDA too has risen by 15 per cent to Rs 404 crore in H1FY17 on a yearly basis. Its bottom line also has increased by 29 per cent to Rs 291 crore in H1FY17 as compared to same period in previous fiscal.
The share price of Havells India has increased by 0.66 per cent on bourses in early trade; and is trading at Rs 425.95 on an intraday basis.
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