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Havells India surges 6% on good Q3 results

The stock gained 6% to Rs 720, trading close to its all-time high level of Rs 729 touched September 3, 2018, in intra-day trade.

Havells India
Havells India

Shares of Havells India surged 6 per cent to Rs 720 apiece on the BSE after the company reported a better-than-expected consolidated net profit at Rs 196 crore, on the back of strong revenue growth, in December quarter (Q3FY19). The company had a profit of Rs 194 crore in year-ago quarter. Net revenue during the quarter under review increased by 28 per cent to Rs 2,518 crore against Rs 1,966 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) stood at 11.5 per cent. Analysts on an average expected ...