| Havells India Q4 PAT up 25% at Rs 49 cr | |
| Press Trust of India / New Delhi June 28, 2009, 15:06 IST | |
Electrical and power equipment maker Havells India today reported a 25 per cent rise in its profit after tax at Rs 49 crore for the fourth quarter ended March 31, 2009.
The company had a profit after tax of Rs 39 crore during the March quarter a year earlier, Havells India said in a statement.
"The company has bounced back after having faced Q3 as a difficult quarter for our business sector, mainly due to the steep fall in the commodity prices, thus leading to value de-gradation," Havells India Joint MD Anil Gupta said.
Net sales of the company rose to Rs 574 crore during the January-March quarter from Rs 548 crore in the corresponding period a year ago.
For the financial year ended March 31, 2009, the equipment manufacturer posted a profit after tax of Rs 145 crore, up one per cent compared to Rs 144 crore of FY08.
Net sales during the FY09 also rose to Rs 2,198 crore from Rs 2,055 crore last year.
On Friday, shares of Havells India closed at Rs 269.25, up 1.24 per cent on the Bombay Stock Exchange.
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