Press Esc to close
Saturday 29 August 2015
News updated at 8:31 AM IST
Weather
Max: 27.6°C
Min : 19.4°C
In Bengaluru
Sunny day

Havells India Q1 PAT up 23 pc at Rs 87 crore

New Delhi, Jul 30, 2013, (PTI):

Electrical equipment and appliances maker Havells India today reported a 23 per cent increase in consolidated profit after tax (PAT) to Rs 87 crore for the first quarter ended June 30, 2013.

The company had posted a PAT of Rs 71 crore in the corresponding quarter last year, Havells India said in a statement.

Revenues during the quarter under review stood at Rs 1,823 crore, up 3 per cent from Rs 1,778 crore in the year-ago period.

Commenting on the performance, the company said the consistent growth in profitability was achieved through improvement in margins.

"Shift in product mix towards consumer products and better contribution margins in lighting and consumer durables drove higher margins," it added.

While switchgear revenues grew by 14 per cent, that of electrical consumer durables grew by 6 per cent, it said.

On a standalone basis the switchgear revenue stood at Rs 275.97 crore during the quarter, while that of electrical consumer durables was at Rs 222.25 crore.

Shares of Havells India were trading at Rs 720 per scrip during the mid-day trade, down 4.71 per cent from the previous close on BSE.


Go to Top

Photo Gallery
Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Activists of Left Front affiliated peasants organisation break police barricades...

Activists of Left Front affiliated peasants organisation break police barricades...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523