The consumer electrical products manufacturer has reported a growth of 50.85% YoY to Rs 1,029.20 crore in Q4FY21 from Rs 682.28 crore in the year-ago period.
May 21, 2021
Havells India has reported a 70.95 percent rise in the consolidated net profit at Rs 303.83 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 177.73 crore in the year-ago period, Havells said in a regulatory filing.
[bsa_pro_ad_space id=13]
The revenue from operations was up 50.59 percent to Rs 3,339.21 crore during the period under review as against Rs 2,217.44 crore in the corresponding period of 2019-20.
The fourth quarter has sustained the growth momentum gained in the third quarter with the highest quarterly sales. “The tumultuous year has ended with reasonable growth in revenues and profitability, underpinning Havells’ resilience amidst uncertainty,” Havells India Chairman and Managing Director Anil Rai Gupta said.
Watch: Wire & Cable India News Roundup
Havells’ total expenses in the quarter under review were at Rs 2,919.54 crore as against Rs 2,040.10 crore. The revenue from the switchgear segment was Rs 463.33 crore as compared to Rs 302.71 crore in the March quarter a year ago. Its cables segment’s revenue was at Rs 1,029.20 crore, up 50.85 percent from Rs 682.28 crore in the year-ago period.
Further, the revenue from lighting and fixtures in the quarter was higher at Rs 336.74 crore as against Rs 235.63 crore in the corresponding period of the previous year. The electrical consumer durables (ECD) was up at Rs 712.38 crore as against Rs 417.66 crore in the year-ago period.
The Company’s revenue from Other Segment’ was at Rs 206.99 crore as against Rs 121.27 crore in March quarter 2019-20.
Also Read: Polycab India Reports Healthy Performance for FY21, Wires and Cables Business Grew 35% YoY
For fiscal year 2020-21, Havells’ net profit was up 42.02 per cent at Rs 1,044.31 crore. It was Rs 735.35 crore in the previous year. The revenue from operations was Rs 10,457.30 crore while it was Rs 9,440.26 crore in 2019-20.
