Havells India posts Q2FY18 PAT of Rs. 171 crore
Rohan Takalkar / 23 Oct 2017
Havells India reported better-than-expected Q2FY18 results on Monday. The standalone numbers were largely stable due to steady revenue growth and stable margins
Havells India reported better-than-expected Q2FY18 results on Monday. The standalone numbers were largely stable due to steady revenue growth and stable margins.
Total sales for this quarter, Q2FY18, came in at Rs. 1,777 crore . This represents a 10.35 per cent sequential decline and 13.98 per cent YoY increase. Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 221.7 crore and the EBIT margin stood at 12.48 per cent .
In terms of the bottom-line, the company reported a PAT figure of Rs. 171.02 crore, which represents a sequential QoQ increase of 40.9 per cent and a YoY increase of 17.3 per cent .
The company is engaged in manufacturing Switchgears, Cable, Lighting and Fixtures, and Electric Consumer Durables. The company operates through four segments: Switchgears, Lighting and fixtures, Cables and Electrical Consumer Durables.
The stock of Havells India opened for trading at Rs. 548 per share on the BSE, it rose by 2.9 per cent after the results were declared and was trading at around Rs. 541 per share.
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