Q1FY18 result: Havells India
DSIJ Intelligence / 19 Jul 2017
The company's total sales for Q1FY18 came in at Rs 1860.54 crore, which represents 8.79 per cent sequential increase and 26.84 per cent YoY increase.
Havells India Ltd. reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 1860.54 crore, which represents 8.79 per cent sequential increase and 26.84 per cent YoY increase.
During the quarter, the company registered revenue of Rs. 267.24 crore from the newly acquired Llyod consumer division.
During the quarter, revenue from cable stood at Rs 636.3 crore, which represents ~34.2% of total revenue, electrical consumer durable contributed Rs. 358.3 crore (19.2% of revenue) and switchgears generated revenue of Rs 338.9 (18.2% of revenue).
The company's operating profit (EBIT) for the quarter amounted to Rs 135.44 crore and its EBIT margin stood at 7.28 per cent. Margins were impacted due to disproportionate decline in high margin non-cable business.
The company reported PAT of Rs 121.38 crore, which represents a sequential QoQ increase of 28.17 per cent and a YoY decline of 16.62 per cent.
The company's stock opened for trading at Rs. 465 on the BSE, rose 5 per cent after the results were declared, but cooled down and was trading at Rs 465 mark intra-day, up by 1.7 per cent.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.