Consumer electrical goods maker Havells India today reported a decline of 74.10 per cent in its standalone net profit at Rs 94.70 crore for the fourth quarter ended March 31, 2017. The company had reported a net profit of Rs 365.74 crore in the January-March period a year ago, Havells said in a BSE filing.
Its total income during the quarter under review was at Rs 1,873.44 crore, up 17.22 per cent from Rs 1,598.18 crore in the corresponding quarter last fiscal. Havells’ total expenses grew 18.93 per cent to Rs 1,639.77 crore, from Rs 1,378.67 crore earlier.
Shares of Havells India were trading at Rs 516.60 on BSE during the afternoon trade, up 3.10 per cent from the previous close.