Havells India net revenue for the quarter at Rs.553.39 cr

Font Size

Print

Feedback

Email

Discuss

Related Articles

Smartmatic’s Auditable Election Systems prove to b...University of Petroleum and Energy Studies, India ...Rediff.com launches service that lets people with ...National Geographic toys now exclusively available...

New Delhi, July 28: : -- Net Revenue for the quarter stood at Rs.553.39 Crores. The consolidated Net Revenue for the quarter stood at Rs.1404.23Crores.

-- Profit After Tax for the quarter at Rs.40.73Crores. The consolidated Profit After Tax for the quarter stood at Rs.49.63Crores.

-- PBDIT at Rs.55.60 Crores. Consolidated PBDIT at Rs.107.90 Crores.

Other Highlights:

-- Accelerated its Marketing and branding activities.

-- Company launches India’s first eco friendly green CFL

-- Company opens its 14th Exclusive showroom “Havells Galaxy”

-- Expands infrastructure in across India,opens new office in Kolkota, Lucknow , Mumbai,Pune.

-- Expands Product range in Lighting, Domestic & Industrial Switchgear & Fans.

Highlights

Havells India Limited today announced its results for Q1FY2008-09.

Reflecting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said:

“We are undeterred by the overall market conditions. This clearly gets reflected in the first quarter performance wherein we have shown a consistent all round growth across the business and geographic segments.

We would continue to evolve newer ways to improve overall efficiencies for better productivity and margins to address the emerging situations in the market environment and deliver value to the stakeholders across the categories.”

Q1FY2009 v/s Q1 FY2008

Net Revenue during the quarter increased by 17% to Rs. 553.39Crores as against Rs.474.04 Crores during the corresponding quarter of the previous year. The Profit After Tax increased by 28% to Rs.40.73 Crores in the present quarter as against Rs. 31.59Crores reported in the corresponding quarter of the previous year.

The Profit before depreciation, interest and tax (PBDIT) increased by 28% to Rs.55.60 Crores as compared to Rs.43.54 Crores. The Profit Before Tax was up by 28% to Rs. 47.02Crores compared to Rs.36.94 Crores.

The performance of the switchgear sales showed a growth of 11% to Rs.147.14 crores from Rs. 132.81Crores achieved in the corresponding quarter of the previous year. The cable & wire business segment showed a growth of 26% with Rs. 252.93Crores as against Rs. 200.89Crores. 11% increase in lighting and fixtures segment to Rs.62.64 Crores as against Rs.56.54 Crores. 17% growth in Electrical consumer durables with revenue of Rs 77.41Crores as against Rs.66.34 Crores in the corresponding quarter of the previous year.

About Havells India Limited:

Havells India Ltd, a US$1.2bn company, and one the largest & fastest growing electrical and power distribution equipment company, manufacturing products ranging from building circuit protection, Industrial & Domestic switchgear, cables, energy meters, fans, CFL lamps, Luminaires for domestic, commercial & Industrial application and modular switches.