The same stood at Rs 249.08 crore in the corresponding quarter of the previous fiscal year.
The revenue from operations surged to Rs 4,539.31 crore from Rs 3,900.33 crore reported in the same quarter of the last financial year. This indicates a jump of 16.4% on a year-on-year basis.
On a quarter-on-quarter (QoQ) basis, however, the company’s PAT has declined by 34.3% from Rs 407.51 crore and revenue from operations has fallen by nearly 22% (QoQ).
However, the company’s total expenses also increased to Rs 4,268.94 crore in Q2FY25 against Rs 3,617.49 crore in the corresponding period last year.
Havells India reported an EBITDA growth of 1.7% at Rs 380 crore.The company reported decent growth in switches and domestic switchgear. However, industrial switchgear (IP) growth was impacted by a higher base due to large institutional orders last year.Strong volume growth in the cable segment was predominantly driven by wire, which was also aided by spillover from Q1 destocking and a robust volume growth sustained in the lighting segment with the pricing gradually stabilising.
Also read: Nestle India Q2 Results: Cons PAT falls marginally to Rs 899 crore, but beats estimates
Havells India is a Fast Moving Electrical Goods (FMEG) company with a strong global presence with an extensive distribution network.
The shares of Havells India have gained approximately 22% in the last one year while increasing by 12% in the current year so far. However, the same have decreased by 2.5% in the last month.
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