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06 March, 2021 14:11 IST
Havells India Q3 consolidated net profit jumps 74.5%
Source: IRIS | 21 Jan, 2021, 02.59PM
Rating: NAN / 5 stars.
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 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 2,006.2 million in the corresponding quarter a year ago. This growth was on the back of a strong growth in its topline, led 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.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 16% in Q3FY21 compared to 11.8% in the year-ago period.

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

The Board of Directors has also declared an Interim dividend of Rs. 3 per Equity Share of Re. 1 each i.e. @ 300% on the equity share capital of the company. The dividend shall be paid/ dispatched to the shareholders on or before 30 days from the date of its declaration.

The board has appointed Namrata Kaul as an Additional Director (Independent) on the Board of Directors of the company, with effect from Jan.20, 2021 to hold office upto the next AGM of the company.

Shares of the company gained Rs 107.9, or 10.58%, to trade at  Rs 1,127.75.  The total volume of shares traded  was  502,315 at the BSE (1.40 p.m., Thursday).

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