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Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook

Analysts expect profits to reach FY19 levels only next fiscal

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Havells Q4 results | Havells India | HAVELLS

Ujjval Jauhari  |  New Delhi 

Havells’ March quarter (Q4) numbers came in way below estimates, even though expectations were already low on account of the Covid-19-led disruption. All of Havells’ business segments reported a steep 14-24 per cent year-on-year (YoY) decline in sales.

Consequently, revenue and operating profit fell 20 per cent and 22 per cent YoY, respectively. Revenues at Rs 2,216 crore lagged the Bloomberg consensus estimate of Rs 2,549 crore by a huge margin. Net profit at Rs 177 crore, too, fell way short of the Rs 194 crore estimated by analysts, despite the cushion of lower ...

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First Published: Fri, May 15 2020. 15:15 IST
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