Havells net profit rises 71% to Rs 304 Cr in Q4

Havells net profit rises 71% to Rs 304 Cr in Q4

Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) Company, reported 70.95 per cent rise in consolidated net profit at Rs 302 crore for the fourth quarter ended March 31, 2021.

The company had posted a net profit of Rs 177 crore in the year-ago period, Havells said in a statement.

Commenting on the financial performance Anil Rai Gupta, Chairman and Managing Director, Havells India, said, “Q4 sustained the growth momentum gained in Q3 with the highest quarterly sales. The tumultuous year has ended with a reasonable growth in revenues and profitability, underpinning Havells resilience amidst uncertainty.”

However, he adds, “The second wave has been ferocious and disruptive impacting business since second half of April. We prioritize health and safety of our employees, dealers and vendors.”

The company’s switchgears business reported revenue of Rs 463 crore in Q4 FY21 as against Rs 303 crore in the corresponding quarter previous year.

Cable business reported revenue of Rs 1,029 crore in Q4 FY21 as against Rs 682 crore in the corresponding quarter previous year. Lighting and fixtures business reported revenue of Rs 329 crore as against Rs 234 crore in the corresponding quarter previous year.

Electrical Consumer Durables business reported revenue of Rs 712 crore in Q4 FY21 as against Rs 418 crore in the corresponding quarter previous year.

Lloyd Consumer business reported revenue of Rs 591 crore in Q4 FY21 as compared to Rs 458 crore in the corresponding quarter previous year.

Other business reported revenue of Rs 207 crore in Q4 FY21 as compared to Rs 121 crore in the corresponding quarter previous year.