Havells India Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 22, 2018 at 03:33 am EST
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Havells India Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operation of INR 19,657.7 million against INR 16,220.7 million for the same period a year ago. Profit before exceptional items and tax was INR 2,481.8 million against INR 1,877.2 million for the same period a year ago. Profit before tax was INR 2,691.6 million against INR 2,066.7 million for the same period a year ago. Net profit for the period was INR 1,943.6 million or INR 3.11 per basic and diluted share against INR 1,529.7 million or INR 2.45 per basic and diluted share for the same period a year ago.
For the nine months, the company reported revenue from operation of INR 57,253.7 million against INR 47,544.5 million for the same period a year ago. Profit before exceptional items and tax was INR 51,541.9 million against INR 42,538.3 million for the same period a year ago. Profit before tax was INR 6,834.1 million against INR 6,119.2 million for the same period a year ago. Net profit for the period was INR 4,867.6 million or INR 7.79 per basic and diluted share against INR 4,443.4 million or INR 7.11 per basic and diluted share for the same period a year ago.
Havells India Limited is an India-based fast moving electrical goods (FMEG) company. The Company is also engaged in the manufacturing of power distribution equipment. The Companyâs products include industrial and domestic circuit protection devices, cables and wires, motors, fans, modular switches, home appliances, air conditioners, electric water heaters, power capacitors, luminaires for domestic, commercial, and industrial applications. The Company has brand showroom in the electrical industry, namely Havells Exclusive Brand Stores. It has approximately 700 plus Havells Exclusive Brand Stores across the country, which helps customers, both domestic and commercial, to choose from a variety of products for different applications. It owns various brands, Havells Studio, Havells, Lloyd, Havells Crabtree, REO. Its consumer products include fans, lighting, switches, home appliances, home electricals, switchgears, smart home, home advisor, home art lights.