Havells India's Q4 Profit Surges Amid Global Disruptions
Havells India reported a significant 39.9% increase in net profit for the quarter ending March 31, mainly due to gains from Goldi Solar. Despite challenges in the consumer categories, the revenue from industrial and infrastructure segments remained strong.
- Country:
- India
Havells India, a leading consumer electrical goods manufacturer, announced on Wednesday a 39.9% rise in consolidated net profit to Rs 723.39 crore for the quarter ending March 31. This improvement comes despite global disruptions impacting consumer category costs.
The company's revenue from operations saw a modest growth of 2.47%, reaching Rs 6,705.20 crore in the March quarter. Havells' earnings presentation noted that cooling products were affected by a milder start to summer, while trades remained cautious.
Furthermore, Havells experienced a Rs 283 crore gain from its investment in Goldi Solar, contributing to a 5.88% increase in total income for the quarter. Chairman Anil Rai Gupta emphasized strong demand in industrial sectors despite challenges in consumer segments.
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