Business Standard

Havells India Q4 results: Net profit up 25% at Rs 447 cr, revenue rises 12%

Havells India Q4 FY results: The board of directors decided to recommend a final dividend of Rs 6 per equity share of Re 1 each for FY24

havells

Consolidated revenue went up 12.47 per cent to Rs 5,517.77 crore in Q4FY24 year-on-year (year-on-year) from Rs 4,905.92 crore.

Vasudha Mukherjee New Delhi

Listen to This Article

Home appliances maker Havells India on Tuesday reported a consolidated net profit of Rs 446.7 crore for the quarter ending on March 31 for the financial year 2024 (Q4 FY24). This is a 24.76 per cent increase in net profit from Rs 358.04 crore reported in the corresponding period last year. Sequentially, net profit jumped 55.15 per cent from Rs 287.91 in the last quarter.

Consolidated income went up 12.47 per cent at Rs 5,517.77 crore in Q4 FY24 year-on-year (Y-o-Y) from Rs 4,905.92 crore. Sequentially, total income rose by 23.45 per cent from Rs 4,469.75 in Q3.

For the entire financial year, the company reported a net profit of Rs 1,270.76 crore, up 18.57 per cent from Rs 1,071.73 crore at the end of FY23. Total income for FY24 was Rs 18,838.97 crore, up 10.24 per cent Y-o-Y from Rs 17,088.44 crore.

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 20.4 per cent Y-o-Y to Rs 635 crore and Ebitda margin expanded 81 basis points to 11.66 per cent, the company said in an exchange filing.

Cables and wires maintained their growth momentum, growing 14 per cent in FY24, compared to FY23, due to infrastructure-led demand, the company said.

Lloyd Consumer also witnessed a 12 per cent Y-o-Y growth at Rs 3,785 crore in FY24.

"Switchgear delivered decent growth despite a higher base... Healthy volume growth in lighting though overall revenue impacted by persistent price deflation," the company said.

The board of directors recommended a final dividend of Rs 6 per equity share of Re 1 each for the financial year 2024. This is in addition to the interim dividend declared during the FY24 for an amount of Rs 3 per share.

Shares of the company closed trading at Rs 1,661.55 on the Bombay Stock Exchange (BSE) ahead of the company's Q4 FY24 financial results.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2024 | 4:41 PM IST

Explore News