Havells India posts strong Q3 results but profit booking pares gains
Shital Jibhe / 17 Jan 2017
Havells India, manufacturer of switchgears, cables, lighting and fixtures, has posted Q3 results, showing growth in both topline and bottomline despite demonetisation. The company's revenue at Rs 1,622.07 crore in the December quarter was up 4 per cent QoQ and 13.3 per cent YoY.
Havells India, manufacturer of switchgears, cables, lighting and fixtures, has posted Q3 results, showing growth in both topline and bottomline despite demonetisation. The company's revenue at Rs 1,622.07 crore in the December quarter was up 4 per cent QoQ and 13.3 per cent YoY. This growth was on the back of 8.4 per cent QoQ and 17.4 per cent YoY growth in revenues from cable segment, 8.2 per cent QoQ and 19 per cent YoY growth in revenues from electrical consumer durables segment.
However, the company’s EBITDA declined 8.3 per cent QoQ but increased 4.2 per cent YoY to Rs 192.95. The company’s net profit at Rs 152.97 crore posted a growth of 8.2 per cent QoQ and 19 per cent YoY. Its other income increased to Rs 26.4 crore, posting a growth of 4.3 per cent QoQ and 97.3 per cent YoY. The company’s finance cost dropped 19.5 per cent QoQ and 21.9 per cent YoY.
After after posting a high of Rs 386.8, the company's stock declined 1.7 per cent on the bourses.
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