Electricals major Havells India on Friday reported a 138 per cent rise in its standalone net profit to Rs 225.76 crore in the quarter ended March 31, 2018, as compared to Rs 94.70 crore in the year-ago period.
On a comparable basis, its revenue from operations during the quarter under review was at Rs 2,534.90 crore, up by 48 per cent from Rs 1,710.20 crore in the corresponding period last year.
Of the total revenue in the quarter, lighting and fixtures segment contributed Rs 322.69 crore while cable business posted Rs 768.86 crore of sales.
Electrical consumer durables business grew to Rs 464.62 crore its switchgear business rose to Rs 394.63 crore.
Its board has decided to recommend a dividend at the rate of Rs 4 per equity share of Re 1 each for the financial year 2017-18.
--IANS
bdc/him/nir
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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