Consumer electronics maker Havells India Ltd on Thursday reported a 3.45 percent drop in consolidated profit to Rs 277.96 crore for the third quarter ended December 2024.
The company posted a consolidated profit of Rs 287.91 crore in the October-December quarter last year, according to an official filing from Havells India.
However, income from operations rose 10.76 percent to Rs 4,888.98 crore in the December quarter. It was Rs 4,413.86 crore in the corresponding period of the last fiscal.
Havells India’s total expenses rose 12.18 percent to Rs 4,575.97 crore in the December quarter.
Havell India’s net income, which includes other income, also grew by 10.81 percent to Rs 4,953.31 crore.
Chairman and Managing Director Anil Rai Gupta said, “Havells’ consumer, industrial and infrastructure segments delivered strong performance, although commodity volatility impacted cable growth, resulting in moderate revenue growth”.
In his view, he said: “We remain optimistic about the better demand and margin situation in the future”.
The board of Havells, in a meeting on Thursday, declared an interim dividend of 400 per cent, which is Rs 4 per share of Re 1 each.
The lowest price of Havells India Ltd shares in 2019 is Rs 1,557.30.
