 "Havells India Q2 Net up 45% at Rs 126 cr")
Electrical goods maker Havells India today posted 44.55% increase in its net profit at Rs 125.72 crore for the second quarter ended September 30, 2013.
The company had posted a net profit of Rs 86.97 crore for the same period of previous fiscal.
Net sales of the company rose to Rs 1,166.05 crore for the second quarter, as compared to Rs 958.12 crore during the same period of previous financial year, Havells India Ltd said in a statement.
Also Read
Havells India Joint Managing Director Anil Rai Gupta said performance in the first half reflects good response from customers to company's new products. This along with lower advertisement costs has resulted in higher contribution at operating level.
"Despite ongoing economic conditions, all business segments have shown good growth and we look forward to consistent growth through the year," Gupta added.
Scrip of Havells was trading at Rs 732 apiece on the BSE in late afternoon trade, up 4.61% from its previous close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%