Havells Q1 profit slips 16 to Rs 17709 crore

first_imgNew Delhi: Consumer electrical goods maker Havells India Ltd on Saturday reported a 16.13 per cent fall in its consolidated net profit to Rs 177.09 crore for the first quarter ended June 2019. The company had logged a net profit of Rs 211.16 crore in the April-June period a year ago, according to a regulatory filing. Total income during the quarter rose 4.81 per cent to Rs 2,756.50 crore as against Rs 2,629.94 crore in the corresponding quarter of the previous year. Also Read – Thermal coal import may surpass 200 MT this fiscalIts total expenses stood at Rs 2,489.62 crore in the said quarter as compared to Rs 2,328.23 crore a year earlier, up 6.93 per cent. Revenue from Switchgears segment was marginally up 0.47 per cent at Rs 377.52 crore as against Rs 375.75 crore in the year-ago period. Its cables segment revenue came in at Rs 778.52 crore in the April-June quarter of FY 2018-19, as compared with Rs 749.93 crore a year ago. Revenue from lighting and fixtures jumped 8.61 per cent to Rs 285.34 crore, as against Rs 262.70 crore. Havells’ electrical consumer durables revenue increased to Rs 623.50 crore as against Rs 504.21 crore in the June quarter of 2018.last_img

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