Havells India Q1 results preview: Net profit likely to jump 44% to Rs 349 crore, margin may improve by 100 bps

Fast-moving electrical goods company Havells India is all set to report its financial results on Thursday, July 20. According to Zee Business research, Havells India is estimated to report a standalone net profit of Rs 349 crore for the quarter ended June 30, 2023, which translates to a jump of 44.2 per cent compared with the corresponding period a year ago. 

The analysts estimate its revenue to expand 8.7 per cent on a year-on-year basis to Rs 4,600 crore for the first quarter of the current financial year.  

The consumer electrical goods maker is expected to report Rs 478 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for the three-month period, as against Rs 361 crore for the year-ago quarter, according to the research. Zee Business analysts estimate the company's margin to improve by 100 basis points on a year-on-year basis to 10 per cent. 

Investors will closely track the management's commentary on demand and margin, with expectations of growth in its switchgear and lighting segments and the impact of untimely rainfall on its AC unit. 

According to Zee Business research, Havells India is estimated to register growth to the tune of 14-15 per cent in its cables and wires unit. 

How Havells fared in Q4

For the final quarter of the financial year 2022-23, Havells India reported growth of 2.5 per cent in standalone net profit on a year-on-year basis to Rs 361.7 crore.

Its revenue expanded 9.8 per cent to Rs 4,849.6 crore, according to a regulator filing. Read more on Havells India Q4 results 

Havells India shares: Past performance

Havells India shares finished the June quarter with a gain of 7.9 per cent, underperforming a 10.5 rise in the benchmark Nifty index.

As of July 18, Havells India shares grew 5.8 per cent in value in the past one year while the Nifty rallied 21.5 per cent. 

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