Havells India Gains 5% After Profit Jumps 4 Times To Rs 236 Crore In June Quarter

Share Price of Havells India gained around five per cent on Thursday, July 22, a day after the company announced its April-June quarter results for the financial year 2021-22. On Thursday, Havells India opened on the BSE at Rs 1,150, swinging to an intra day high of Rs 1,184 and an intra day low of Rs 1,125.50, throughout the trading session today. The consumer electric goods maker reported a net profit of Rs 235.78 crore on a consolidated basis in the first quarter of the current fiscal, according to a regulatory filing by the firm to the stock exchanges.

The company's net profit in the June quarter jumped almost four times or 268 per cent, as its net profit stood at Rs 63.98 crore in the corresponding quarter last year. Havells India's revenue from operations in the June quarter stood at Rs 2,609.97 crore, compared to Rs 1,483.40 crore in the same quarter last year, marking a growth of 75.95 per cent on a year-on-year basis.

The company's total income for the April-June quarter stood at Rs 2,644.17 crore, compared to Rs 1,515.56 crore in the year-ago period. Havell's total expenses were Rs 2,327.2 crore, compared to Rs 1,428.93 crore, marking an increase of 62.86 per cent year-on-year.

On the NSE, Havells India opened at Rs 1,142, registering an intra day high of Rs 1,184 and an intra day low of Rs 1,125.50, throughout the session. Its shares settled 4.21 per cent higher at Rs 1,150.05 on the NSE.

Shares of Havells India settled 4.35 per cent higher at Rs 1,151.45 apiece on the BSE.