Havells India drops amid volatility after Q4 results

Havells India lost 1.4% to Rs 952 at 14:05 IST on BSE after net profit rose 24.83% to Rs 136.92 crore on 13.01% growth in total income to Rs 1324.05 crore in Q4 March 2014 over Q4 March 2013.

The result was announced during market hours today, 28 May 2014.

Meanwhile, the S&P BSE Sensex was down 23.80 points or 0.1% at 24,525.71.

On BSE, so far 1.08 lakh shares were traded in the counter as against average daily volume of 39,556 shares in the past one quarter.

The stock was volatile. The stock lost as much as 3.57% at the day's low of Rs 931 so far during the day. The stock rose as much as 2.67% at the day's high of Rs 991.35 so far during the day. The stock had hit a record high of Rs 992.45 on 20 May 2014. The stock had hit a 52-week low of Rs 586 on 29 August 2013.

The stock had underperformed the market over the past one month till 27 May 2014, advancing 4.93% compared with the Sensex's 8.2% rise. The scrip had, however, outperformed the market in past one quarter, jumping 25.76% as against Sensex's 16.97% rise.

The large-cap company has equity capital of Rs 62.41 crore. Face value per share is Rs 5.

Havells India's net profit rose 28.89% to Rs 478.69 crore on 12.34% growth in total income to Rs 4755.34 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

On consolidated basis, Havells India's net profit declined 23.23% to Rs 446.23 crore on 13.07% growth in total income to Rs 8227.05 crore in FY 2014 over FY 2013.

Havells India is one of the largest electrical and power distribution equipment manufacturer, with products ranging from industrial and domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, CFL lamps, luminaires for domestic, commercial and industrial applications, modular switches, water heaters and domestic appliances covering the entire gamut of household, commercial and industrial electrical needs.

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