Havells India shares jump nearly 6% after Q3 results

Shares of consumer electrical goods maker Havells India today rose nearly 6 per cent after the company reported a standalone net profit at Rs 194.36 crore for the quarter ended December 2017.

The stock jumped 5.80 per cent to Rs 584.20 -- its one- year high -- on BSE.

At NSE, shares of the company went up by 5.81 per cent to touch its 52-week high of Rs 584.80.

The company had posted a net profit at Rs 152.97 crore during the October-December quarter of the previous fiscal, Havells India said in a regulatory filing yesterday.

Total income during the quarter under review stood at Rs 1,993.53 crore. It was Rs 1,650.68 crore in the year-ago period.
 

The company said the results are not comparable with previous period as it had acquired consumer durable business of LEEL Electricals Ltd in May last year.