Havells India Ltd net profit increases 21 percent
Havells India, leading maker of electrical and power distribution equipment, recorded 21% growth in its profit after tax for the first quarter ended June 30.
The company's profit after tax (PAT) for review quarter grew to approximately Rs 49.30 crore as compared to Rs 40.70 crore in the corresponding period last fiscal.
In a separate release, the company has informed that its net sales up by 6% at Rs 586.20 crore in the latest quarter, as compared to Rs 553.40 crore during the same period year ago, while its earnings before interest depreciation and tax (EBIDTA) showed a growth of 32% to Rs 72.40 crore.
The sources said that business segments of switchgear, cable and wire and lighting and fixtures clocked growth in the said period. The company was targeting 50% jump in South India.