Havells India gains 5% after June quarter profit jumps 4x to Rs 236 cr

Shares of Havells India closed 4.35 per cent higher at Rs 1,151.45 on the BSE.

Share price of Havells India rose nearly five per cent on Thursday, July 22, a day after the company announced its April-June quarter results for FY 2021-22. On Thursday, Havells India today opened at Rs 1,150 on the BSE during the entire trading session, hitting an intraday high of Rs 1,184 and an intraday low of Rs 1,125.50. According to a regulatory filing by the firm to the stock exchanges, the consumer electric goods maker reported a net profit of Rs 235.78 crore on a consolidated basis in the first quarter of the current fiscal.

The company’s net profit jumped nearly four times, or 268 per cent, in the June quarter as compared to Rs 63.98 crore in the same quarter last year. Havells India’s revenue from operations for the June quarter stood at Rs 2,609.97 crore as against Rs 1,483.40 crore in the same quarter last year, showing a growth of 75.95 per cent year-on-year.

The company’s total income stood at Rs 2,644.17 crore in the April-June quarter, as against Rs 1,515.56 crore in the year-ago period. Havell’s total expenses stood at Rs 2,327.2 crore as against Rs 1,428.93 crore, showing a year-on-year growth of 62.86 per cent.

On NSE, Havells India opened at Rs 1,142 throughout the session, registering an intraday high of Rs 1,184 and an intraday low of Rs 1,125.50. Its shares closed at Rs 1,150.05, up 4.21 per cent on the NSE.

Shares of Havells India closed 4.35 per cent higher at Rs 1,151.45 on the BSE.

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