Havells India Q3: Revenue Rockets 7%, Net Profit Edges Up

24 Jan 2024 , 11:17 AM

On January 23, Havells India revealed a net profit of Rs 287.91 crore for the December quarter, up 1.54% from Rs 283.52 crore in the same period the previous year.

The company’s consolidated income from operations increased 6.93% year over year (YoY) to Rs 4,413.86 crore from Rs 4,127.57 crore in the previous year.

For the October–December quarter, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 2.1% year over year to Rs 432.6 crore. The EBIDTA margin decreased by 50 basis points to 9.8%.

An interim dividend of Rs 3.00 per equity share, with a face value of Re. 1/-each, has been announced by the Board of Directors. This amounts to a 300% dividend rate on the equity share capital of the company. As of the Record Date, which is scheduled for February 1st, this dividend will be paid to shareholders who are listed in the Register of Members.

Havells India’s shares finished at Rs 1312.80 on Tuesday, down 4.39% from the previous closing of Rs 1373 on the BSE.

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