Havells Q2 net up 1% to Rs 113 crore

Electrical goods maker Havells India today reported a marginal increase in its consolidated net profit at Rs 113 crore for the second quarter ended September 30, 2014.

The company had posted a consolidated net profit of Rs 112 crore for the same period of previous fiscal, Havells India Ltd said in a statement.

Consolidated net sales during July-September quarter increased 8.71% to Rs 2,207 crore as compared to Rs 2,030 crore during the same period of previous financial year, it said.

Havells India Joint Managing Director Anil Rai Gupta said the government's focus on boosting economic growth through a series of reforms has improved business climate in the country.

"The subsequent uptick in demand from infrastructure projects and renewed consumer spending is already beginning to reflect in our performance and all business segments like cable and consumer electrical goods have contributed to growth in the second quarter," he said.

In the first half of the fiscal, Havells' standalone net profit increased 2.94% to Rs 226.88 crore as against Rs 220.38 crore in the year-ago period.

Its total standalone income in H1 gained 18.72% to Rs 2,641.96 crore as against Rs 2,225.25 crore in the same period last year.