Havells India Q2 Profit Rises 1 Per Cent to Rs 113 Crore

New Delhi: Electrical goods maker Havells India on Wednesday reported a marginal increase in consolidated net profit at Rs 113 crore for the second quarter that ended on September 30, 2014.

The company had registered a consolidated net profit of Rs 112 crore for the corresponding quarter a year ago, it said in a statement.

Consolidated net sales during July-September quarter increased 8.71 per cent to Rs 2,207 crore as compared to Rs 2,030 crore during the same period of previous financial year, it said.

Havells India joint managing director Anil Rai Gupta said the government's focus on boosting economic growth through a series of reforms has improved business climate in the country.

"The subsequent uptick in demand from infrastructure projects and renewed consumer spending is already beginning to reflect in our performance and all business segments like cable and consumer electrical goods have contributed to growth in the second quarter," he said.

In the fiscal first half, standalone net profit of the company increased 2.94 per cent to Rs 226.88 crore as against Rs 220.38 crore in the year-ago period.

Total standalone income in the first half rose 18.72 per cent to Rs 2,641.96 crore from Rs 2,225.25 crore a year ago.