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This is an archive article published on October 31, 2011

Havells India Q2 net profit up 19.92%

The company had a net profit of Rs 58.57 crore in the corresponding quarter last fiscal.

Electrical equipment maker Havells India posted 19.92 per cent increase in its net profit to Rs 70.24 crore in the quarter ended September 30,2011 as against the same period last fiscal.

The company had a net profit of Rs 58.57 crore in the corresponding quarter last fiscal,Havells India said in a filing to the BSE.

During the quarter under review,the firm’s net sales stood at Rs 850.39 crore,a 28.59 per cent increase from Rs 661.31 crore in the year-ago period.

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During the period while its cables and wires business had a revenue of Rs 369.18 crore,electrical consumer durables segment had a revenue of Rs 122 crore.

Besides,the firm’s lighting and fixtures had a revenue of Rs 137.44 crore during the quarter.

Scrips of Havells India closed at Rs 357.95 on the BSE,down by 1.50 per cent.

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