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06 March, 2021 13:18 IST
Havells India share price rallies 11% on stellar Q3 performance
Source: IRIS | 21 Jan, 2021, 02.13PM
Rating: NAN / 5 stars.
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 Shares of Havells India rallied 11% on Thursday after the company posted its December quarterly results.

Havells India, a lighting and electrical products producing company reported a 74.53% rise in consolidated net profit for the quarter ending Dec.31, 2020.

The company has earned Rs 3,501.4 million in the third quarter compared with Rs 2006.2 million in the corresponding quarter a year ago. This growth was on the back of a strong growth in its topline, lead by Lloyd, electrical consumer durables and switchgears business.

Revenue of the company for the quarter increased by 39.67% to Rs 31,752 million compared to Rs 22,732.9 million in the corresponding quarter of the previous financial year.

Havells India EPS has increased to Rs 5.59 in December 2020 from Rs 3.21 in December 2019.

Shares of Havells India are trading at Rs 1,131.95, up Rs 112.1, or 10.99% at the Bombay Stock Exchange (BSE) on Thursday at 12:35 p.m.

The scrip has touched an intra-day high of Rs 1,144.10 and low of Rs 1,051.80. The total volume of shares traded at the BSE is 465,357.

Currently, the stock is trading all time 52-week high, which is above 153.12% over the 52-week low of Rs 447.20.

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