Consumer electrical goods maker Havells India Ltd on Wednesday reported a decline of 8.38 per cent in its standalone net profit to Rs 206.83 crore for the March 2019 quarter, impacted by demand slowdown.
The company had posted a net profit of Rs 225.76 crore in the January-March quarter a year ago, Havells India said in a BSE filing.
However, its total income during the quarter was up 8.67 per cent to Rs 2,782.81 crore as against Rs 2,560.64 crore in the corresponding quarter of the previous year.
Havells India Chairman and Managing Director Anil Rai Gupta said, "Fourth quarter experienced demand slowdown exacerbated by liquidity crunch, extended winters and impending general elections."
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