Havells Q3 Net Up 28.32 Pc at Rs 121.47 Crore - The New Indian Express

Havells Q3 Net Up 28.32 Pc at Rs 121.47 Crore

Published: 29th January 2014 02:28 PM

Last Updated: 29th January 2014 02:28 PM

Electrical goods maker Havells India today reported a 28.32 per cent increase in its standalone net profit at Rs 121.47 crore for the third quarter ended December 31, 2013.

The company had posted a standalone net profit of Rs 94.66 crore for the same period of the previous fiscal.

Net sales of the company rose to Rs 1,174.03 crore for the third quarter, as compared to Rs 1052.09 crore during the same period of the previous financial year, Havells India Ltd said in a statement.

Havells India Joint Managing Director Anil Rai Gupta said that the growth momentum continued in the current quarter, aided by good response for our products across segments. The new  product launches during this period have also been received well by customers, he added.

On the outlook, Gupta said, "Going ahead, we expect to maintain our leadership position through a strategic mix of new product launches and going deeper into the hinterland by strengthening distribution."

Shares of Havells were trading at Rs 777 per scrip during the afternoon trade on the BSE, up 4.30 per cent from its previous close.

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