24 Oct 2022 , 06:48 PM
Revenue contraction was -13.27% in sequential terms, due to tepid OEM sales in the quarter. In terms of the sales mix,
Havells saw positive growth across all verticals. However, on sequential basis, cables and lightings & fixtures verticals. However, there was a fall in sales in the switchgears and FMEG verticals.
The big underperformer was the Lloyds Consumer vertical with sales falling over 60% sequentially.
The operating losses sharply widened in the cases of Lloyds consumer business.
PAT margins were lower at 5.09% in the Sep-22 quarter compared to 9.36% in the Sep-21 quarter and also relatively lower than 5.73% in June 2022 quarter. The quarter saw a loss of Rs107 crore due to fire, which was fully covered by insurance claims.
Financial highlights for Sep-22 compared yoy and sequentially
Havells India | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 3,668.94 | ₹ 3,221.03 | 13.91% | ₹ 4,230.14 | -13.27% |
Net Profit (Rs cr) | ₹ 186.87 | ₹ 301.56 | -38.03% | ₹ 242.43 | -22.92% |
Diluted EPS (Rs) | ₹ 2.98 | ₹ 4.81 | ₹ 3.87 | ||
Net Margins | 5.09% | 9.36% | 5.73% |
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