 "Havells India hits 52-week low on weak Q3 results; recovers later")
Shares of Havells India slipped 5 per cent to hit a 52-week low of Rs 589 on the BSE in Wednesday's early morning deals after the company reported a weak operational performance for the third quarter ended December 2019 (Q3FY20).
The company’s standalone EBITDA (earnings before interest, tax, depreciation, and amortization) declined 8 per cent year on year (YoY) to Rs 267 crore. Net revenue was down 10 per cent YoY at Rs 2,269 crore during the quarter. However, the standalone net profit during the quarter remained flat at Rs 200 crore against Rs 196 crore in the previous
The company’s standalone EBITDA (earnings before interest, tax, depreciation, and amortization) declined 8 per cent year on year (YoY) to Rs 267 crore. Net revenue was down 10 per cent YoY at Rs 2,269 crore during the quarter. However, the standalone net profit during the quarter remained flat at Rs 200 crore against Rs 196 crore in the previous
