Electrical and power distribution equipment manufacturer Havells India today reported a 21 per cent increase in its profit after tax at Rs 49.30 crore for the first quarter ended June 30.
The company had reported a profit after tax (PAT) at Rs 40.70 crore in the corresponding period last year, it said in a release.
The company's net sales recorded a six per cent growth, going up from Rs 553.40 crore to Rs 586.20 crore during the same period, while its earnings before interest, depreciation, tax and amortization (EBIDTA) showed an increase of 32 percent at Rs 72.40 crore.
Business segments of switchgear, cable and wire and lighting and fixtures recorded growth in the said period. The company was targeting 50 per cent growth in South India, it added.
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