Havells India Q3 net profit soars 41%

Electrical equipments maker Havells India today reported 41.27% jump in its consolidated net profit for the quarter ended December 31, 2011, at Rs 89 crore boosted by healthy performance across all segments of its business.

The company had posted a net profit of Rs 63 crore in the corresponding period last financial year, Havells India said in a statement.

During the quarter, consolidated net revenue grew by 16.41% to Rs 1,660 crore from Rs 1,426 crore in the year-ago period, it added.

Commenting on the performance, Havells India Joint Managing Director Anil Gupta said: "The improved margins clearly reflect our continued focus on profitability. We would continue to consolidate upon the present growth trends."

The company said the performance of the switchgear sales grew 15% to Rs 226 crore during the period under review from Rs 196 crore year-ago quarter.

"The cable and wire business segment showed a growth of 29% to Rs 391 crore as against Rs 304 crore. Lighting and fixtures segment registered revenue of Rs 145 crore as against Rs 113 crore, showing a growth of 28%," it added.

Besides, the company's electrical consumer durables business strengthened by 35% with revenue of Rs 135 crore as against Rs 100 crore in the corresponding quarter of the previous year.

Havells India scrips were trading at Rs 445 per share on the Bombay Stock Exchange during afternoon trade, up 3.77% from the previous close.