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Havells India drops as Q2 net profit boosted by other income

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fell 2.08% to Rs 422.20 at 11:45 on after net profit rose 21.97% to Rs 145.79 crore on 9.8% rise in total income to Rs 1477.54 crore in Q2 September 2016 over Q2 September 2015.

The net profit was boosted by 158.16% surge in other income to Rs 25.30 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 18 October 2016.

Meanwhile, the Sensex was down 48.07 points, or 0.17%, to 28,002.81

On BSE, so far 1.42 lakh shares were traded in the counter, compared with an average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 434 and a low of Rs 421.20 so far during the day. The stock hit a record high of Rs 459.80 on 6 October 2016. The stock hit a 52-week low of Rs 235.60 on 9 November 2015. The stock had underperformed the market over the past 30 days till 18 October 2016, rising 4.37% compared with Sensex's 2.04% fall. The scrip outperformed the market in past one quarter, advancing 17.8% as against Sensex's 0.48% rise.

The large-cap company has an equity capital of Rs 62.49 crore. Face value per share is Re 1.

is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 11:46 IST