New Delhi (Anish Yande): Shares of Havells India rose by 6 per cent on Thursday's trading session following the announcement of robust quarterly results in 2021. Havells India shares opened at Rs 1,142 per share from its previous close of Rs 1,103 per share on Monday. The shares of the electrical equipment company rose to an intraday high of Rs 1,184 per share. The market cap of the company rose to Rs 72,056 crore.
Havells India net profit rises 268 percent:
Havells India reported a net profit of Rs 63.98 crore in the corresponding quarter last year. The electrical equipment company's net profit increased to Rs 235.78 crore for the quarter ended June 30. The Q1 net profit rose by 268.5% on a year-on-year basis.
The standalone net profit of Havells India was recorded at Rs 234.30 crore in the April-June quarter in 2021, increasing 269.9% on a YoY basis. The profit after tax rose threefold to Rs 314.77 crore from Rs 85.95 crore in the June quarter of the previous year, up by 266.2%.
The consolidated revenue from operations of Havells India rose to Rs 2,609.97 crore in Q1 FY22. Revenue from operations was at Rs 1,483.40 crore in the same period last year. The consolidated revenue from operations increased by 75.95 per cent on a year on year basis.
Havells India Sales surge in Q1:
The net sales of Havells India are up by 75.7 per cent to Rs 2,598.20 crore in June 2021 quarter as compared to the net sales recorded in June 2020 quarter.
The electrical equipment company's revenue from Cables rose 75 per cent to Rs 807.17 crore. The electrical consumer durables segment's revenue rose to Rs 576.33 crore, with a growth of 91 per cent. Lloyd Consumer's revenue of rose to Rs 497.46 crore, growing at 62.5 per cent YoY growth.
Havells India's earnings before interest, taxes, depreciation and amortization rose Rs 353 crore in Q1 FY22 compared with Rs 131 crore in Q1 FY21, at an increase of 169%. Ebitda margins improved to 13.6% against 8.8%, on a year-on-year basis.
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