Havells India rallies on healthy Q3 results
The stock has rallied 5% after reporting 27% yoy growth in net profit at Rs 121 crore for the quarter ended December 2013.
Havells India has moved higher by over 5% to Rs 785 after reporting a healthy 27% year-on-year (yoy) jump in its net profit at Rs 121 crore for the third quarter ended December 31, 2013 (Q3). The company had a net profit of Rs 95 crore in the same period previous fiscal.
The company’s total operational income grew by 11.9% at Rs 1,184 crore during the quarter compared to Rs 1,058 crore in the same period previous fiscal, Havells India said in a filing to the BSE.
EBIDTA or operating profit margin has expanded by about 150bp yoy to end the period at 14.35%.
The stock opened at Rs 748 and touched a low of Rs 744 on the BSE. The counter has seen huge trading activity with a combined 711,800 shares changed hands so far against an average sub 300,000 shares that were traded daily in past two weeks on the BSE and NSE.
The company’s total operational income grew by 11.9% at Rs 1,184 crore during the quarter compared to Rs 1,058 crore in the same period previous fiscal, Havells India said in a filing to the BSE.
EBIDTA or operating profit margin has expanded by about 150bp yoy to end the period at 14.35%.
The stock opened at Rs 748 and touched a low of Rs 744 on the BSE. The counter has seen huge trading activity with a combined 711,800 shares changed hands so far against an average sub 300,000 shares that were traded daily in past two weeks on the BSE and NSE.