Havells India shares came under pressure after the company's December quarter (Q3FY26) results, released on Monday post-market, missed some of the Street's expectations
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Consumer electrical goods maker Havells India on Monday reported a 7.9 per cent increase in consolidated net profit to Rs 300.05 crore in the quarter ended December 31, 2025. The company had posted a consolidated net profit of Rs 277.96 crore in the October-December quarter a year ago, according to a regulatory filing from Havells India. Its revenue from operations was up 14.3 per cent to Rs 5,587.89 crore in the December quarter. It was Rs 4,888.98 crore in the corresponding period of the previous fiscal. Havells India's total expenses rose 13.4 per cent to Rs 5,189.33 crore in the December quarter. The total income of Havells India, which includes other income, was also up 13.67 per cent to Rs 5,630.59 crore. Meanwhile, in a separate filing, Havells' board also declared an interim dividend of 400 per cent, amounting to Rs 4 per equity share of Re 1 each. Shares of Havells India Ltd on Monday settled at Rs 1,445.15 on BSE, up 1.42 per cent from the previous close.
Q3FY26 company results: Firms including Punjab National Bank, LTIMindtree, Tata Capital, Oberoi Realty, Ceat, and Hatsun Agro Product are also to release their October-December earnings reports today
Stocks to watch on Monday, January 19: At around 7:10 AM, GIFT Nifty futures were down 180 points at 25,571.50, signaling a gap-down start for the bourses.
ICICI Sec has trimmed its target price to ₹1,725, but has retained 'Buy' rating as it sees an attractive entry point for long-term investors post recent 20 per cent stock correction over 12 months
Goldman Sachs top stock picks: Tech charts predict up to 19% upside for Reliance, Titan, PTC Industries; Havells India, however, may underperform in the near-term; check key levels for these 4 stocks.
Among sectors, their biggest 'conviction' as regards India is on the defence sector, where Goldman Sachs believes PTC Industries is scores over its peers
Renewable energy player Goldi Solar on Wednesday said it has raised over Rs 1,400 crore in a funding round led by consumer electrical goods maker Havells India Ltd. Besides, various high-net-worth individuals (HNIs), institutional and strategic investors have participated in the capital infusion, the Gujarat-based module maker said. In a statement, Goldi Solar said it has "secured a landmark growth capital infusion led by Havells India, alongside a distinguished consortium of high-net-worth individuals (HNIs), institutional, strategic, and prominent investors." The company has raised a total of Rs 1,422 crore from multiple investors, and the capital will be used to fund future growth plans. Other prominent investors and family businesses are Ambit Global Private Client, Nikhil Kamath, Shahi Exports Pvt Ltd, SRF Transnational Holdings Ltd, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Pvt Ltd. According to market sources, Havells has infused Rs 600 cr
Analysts see margins reviving as demand powers up in festival quarter
The company's revenue for the second quarter rose 5.2 per cent Y-o-Y to ₹4,779.33 crore, as against ₹4,539.31 crore. On a quarter-on-quarter (Q-o-Q) basis, the revenue fell 12 per cent
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Private equity firms EQT and Bain Capital are leading the race to acquire a 31 per cent stake in Whirlpool India, as rivals like Reliance Industries and Havells withdraw over valuation concerns
Havells India reported a 14.72 per cent Y-o-Y decline in consolidated profit after tax to ₹347.53 crore in Q1FY26
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The consolidated total expenses of the company remained flat at ₹5,054.78 crore in Q1 FY26
Q1 FY26 company results, July 21: Havells India, Oberoi Realty, CRISIL, UCO Bank, PNB Housing Finance, and DCM Shriram will release their April-June quarter earnings reports today
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.
Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger fundamentals and growth visibility.