scorecardresearchHavells Q4 net profit up 1.6% to ₹358 crore, revenue up 9.8%

Havells Q4 net profit up 1.6% to 358 crore, revenue up 9.8%

Updated: 03 May 2023, 07:13 PM IST
TL;DR.

  • Havells' revenue from operations rose by 9.78 per cent to 4,859.21 crore during the period under review, as against 4,426.26 crore in the corresponding period last fiscal.

Its total expenses were at  <span class='webrupee'>₹</span>4,419.23 crore, up 10.58 per cent in Q4/FY23, as against  <span class='webrupee'>₹</span>3,996.12 crore a year ago.

Its total expenses were at 4,419.23 crore, up 10.58 per cent in Q4/FY23, as against 3,996.12 crore a year ago.

(PTI) Havells India Ltd on Wednesday reported an increase of 1.57 per cent in its consolidated net profit at 358.04 crore for the fourth quarter ended on March 31, 2023.

The consumer electrical goods maker company had posted a consolidated net profit of 352.48 crore in the January-March quarter a year ago, Havells said in a regulatory filing.

Havells' revenue from operations rose by 9.78 per cent to 4,859.21 crore during the period under review, as against 4,426.26 crore in the corresponding period last fiscal.

Its total expenses were at 4,419.23 crore, up 10.58 per cent in Q4/FY23, as against 3,996.12 crore a year ago.

Havells India Chairman and Managing Director Anil Rai Gupta said there is "moderate revenue growth amidst sluggish consumer demand environment. While business and consumers contend with persistent inflation, we are optimistic about opportunities ahead and confident of capitalising on the same."

In the March quarter, Havells' revenue from the Switchgears segment was 601.03 crore and from the cables segment it was 1,568.15 crore.

Havells' revenue from lighting and fixtures in the fourth quarter of FY23 was at 415.95 crore. Its revenue from Electrical Consumer Durables was at 749.45 crore.

Revenue from Lloyd Consumer, a company which Havells had acquired in 2017, was at 1,271.02 crore.

Meanwhile, in a separate filing, Havells India said its board also recommended a final dividend of 4.50 per equity share of Re 1 each for the financial year 2022-23.

For the financial year ended March 2023, Havells' net profit declined 10.42 per cent to 1,071.73 crore. It was 1,196.47 crore in FY22.

However, its revenue for operation in FY23 increased 21.32 per cent to 16,910.73 crore, against 13,938.48 crore a year ago.

Shares of Havells India Ltd on Wednesday settled at 1,241.25 apiece on BSE, up 1.26 per cent.

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First Published: 03 May 2023, 07:13 PM IST