Havells India Q4 Results: Net profit grows by one-fourth to Rs 447 crore, EBITDA up 20%; FMEG firm declares dividend
Havells India Q4 Results: Fast moving electrical goods firm Havells India reported a 24.8 per cent year-on-year jump in consolidated net profit to Rs 446.7 crore for the January-March period. The company declared a final dividend for the financial year 2023-24.
Havells India Q4 FY24 Results, Havells India Q4 FY24 Results: Noida-headquartered fast moving electrical goods (FMEG) company Havells India reported a consolidated net profit of Rs 446.7 crore for the January-March period, marking an increase of 24.8 per cent compared with the corresponding quarter a year ago.
The company, which manufactures a string of consumer and industrial products such as fans, lights, appliances, cables, motors and solar solutions, registered fourth-quarter revenue of Rs 5,442 crore, up 12 per cent on a year-on-year basis, according to a regulatory filing.
According to Zee Business research, Havells India's March-quarter net profit was estimated at Rs 372 crore and revenue at Rs 5,387 crore.
While revenue from the company's cables unit increased 14.2 per cent on a year-on-year basis to Rs 1,790 crore, that from its electrical consumer durables business grew 21.5 per cent to Rs 910 crore. Lighting and fixtures revenue rose 4.8 per cent to Rs 433 crore, while switchgears revenue increased 8.3 per cent to Rs 651 crore, according to the company.
The company said that its cables and wires business maintained growth momentum with continued infrastructure-led demand while switchgears delivered decent growth despite a higher base.
Havells India Q4 EBITDA
Havells India logged Rs 637 crore in quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), up 20 per cent compared with the year-ago period.
Zee Business analysts had pegged the FMEG firm's March-quarter EBITDA at Rs 544 crore.
Havells India dividend
The Havells India board recommended a final dividend of Rs 6 per share for the financial year ended March 31, in addition to an interim dividend of Rs 3 per share declared previously.
Earlier on Tuesday, Havells India shares ended stronger by Rs 17.9, or 1.1 per cent, at Rs 1,662.9 apiece on BSE.
Havells India shares: Past performance
Havells India shares finished the March quarter 10.8 per cent stronger, outperforming a 2.7 per cent rise in the headline Nifty50 index.
Catch all the highlights of the April 30 session on Dalal Street here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.