Havells' Q1 net profit at Rs243 crore

21 Jul 2022 , 10:45 AM

On July 20, Havells India Ltd. reported a rise in consolidated net profit of 3.13 % to Rs 243.16 crore for the June quarter despite negative margin effects from fluctuating commodity costs.

According to a regulatory filing by Havells, the manufacturer of consumer electrical items reported a consolidated net profit of Rs 235.78 crore in the April-June quarter of last year.

When compared to the same period last fiscal year, its operating revenue increased by 62.62 percent to Rs 4,244.46 crore during the period under review from Rs 2,609.97 crore. Anil Rai Gupta, the chairman and managing director of Havells India, claimed that the company’s first quarter of FY23 had “strong revenue growth” in comparison to the preceding quarter, which was hampered by the second wave of the pandemic.