iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Havells Ltd Q3 PAT down -12.66% at Rs305.82cr as Lloyds Consumer business continued to be a drag on profits

21 Jan 2022 , 08:37 PM

Havells Ltd reported 15.40% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs3,664.21cr. On a sequential basis, the revenues were higher for the quarter by 13.16%.

During the quarter, cables saw a yoy growth in sales of 33.3% at Rs1,206cr. Among other major verticals, electrical consumer durables were up 14.4% at Rs896cr while lightings recorded 13.8% growth at Rs413cr.

The switchgears business grew 13.5% at Rs496cr. Only Lloyds business dragged revenues lower yoy.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -12.66% at Rs305.82cr. The biggest drag in profits came from the Lloyds consumer business which saw its operating losses widening.

The sharp spike in raw material and inventory costs in the quarter led to flat to negative growth in profits across various verticals. PAT margins were lower from 11.03% in Dec-20 to 8.35% in Dec-21 quarter.

Sequential net margins were also lower by 100 bps as the cost pressures have been quite intense in the quarter.

Financial highlights for Dec-21 compared yoy and sequentially

Havells India
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 3,664.21 ₹ 3,175.20 15.40% ₹ 3,238.04 13.16%
Net Profit (Rs cr) ₹ 305.82 ₹ 350.14 -12.66% ₹ 302.39 1.13%
Diluted EPS (Rs) ₹ 4.88 ₹ 5.59 ₹ 4.83
Net Margins 8.35% 11.03% 9.34%

Related Tags

  • Electrical Goods Sector
  • Havells Ltd management
  • Havells Ltd news
  • Havells Ltd Q3
  • Havells Ltd Q3FY22 Electrical Goods business
  • Havells Ltd Q3FY22 PAT
  • Havells Ltd Q3FY22 Result
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.