Havells India Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||13.5||36|
|Net Profit (adjusted)||146||21.7|
Havells Q2FY17 results beats income estimates of the market. The revenue stood at Rs.1159 crore as against analyst expectation of Rs 1528 cr. Whereas, EBITDA and PAT missed market consensus of Rs 216 cr and Rs 155 cr respectively.
The standalone revenue of the company grew by 8.7% to Rs 1559 cr yoy supported by strong growth in consumer and lighting segment.
EBITDA improved 12% yoy to Rs 210 cr due to product mix shift towards better margin business (domestic cable) and discontinuation of royalty payment. The EBITDA margin stood at 13.5% vs. 13.1% in the corresponding quarter of previous year.
The standalone net profit grew 22% yoy to Rs 146 cr against Rs 120 cr in Q2FY16 due to fall in interest cost and improved other income.
Havells India Ltd ended at Rs. 431.15, up by 7.55 points or 1.78% from its previous closing of Rs. 423.6 on the BSE.
The scrip opened at Rs. 429.95 and touched a high and low of Rs. 433.95 and Rs. 422.35 respectively. A total of 3785526(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
BSE 425.90 [5.60] ([1.30]%)
NSE 426.35 [4.95] ([1.15]%)
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