KEI Industries, Polycab India shares: KEI Industries share price plunged 14.5 per cent intraday to a low of Rs 2,802 per share. Polycab India share price, meanwhile, fell 9.6 per cent intraday
Meanwhile, technical charts of the new entrant UltraTech Cement in the wires & cables business indicates a likely downside risk of up to 17% for the stock.
Shares of Polycab, KEI, Havells India and R R Kabel slumped up to 15% after UltraTech announced its foray into wires & cables segment with an investment of Rs 1,800 crore over the next 2 years
While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth
The Union Budget 2025-26 has exempted annual income up to Rs 12 lakh from income tax, boosting consumer spending and adding focus on urban consumption.
Live-wire market share gain, but margin recovery and demand revival need a jolt
The Board of Directors of Havells also declared an interim dividend of Rs 4 per equity share
Revenue from operations rose nearly 11 per cent to Rs 4,883 crore, while total expenses climbed 12.3 per cent to Rs 4,564 crore
Q3 FY25 company results today: Reliance, Infosys, LTIMindtree, Havells, and Axis Bank are among 36 firms to release their earnings report for the Oct-Dec quarter on January 16
From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight
In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum
The company will add 14,00,000 units to its existing manufacturing plant by Q2FY27
Margin constraints could trip up earnings performance
Consumer electrical goods maker Havells India Ltd on Thursday reported an increase of 7.5 per cent in its consolidated net profit to Rs 267.77 crore in the September 2024 quarter, driven by improvements in consumer demand trends. The company had posted a consolidated net profit of Rs 249.08 crore in the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations rose 16.38 per cent to Rs 4,539.31 crore in the September quarter. It was Rs 3,900.33 crore in the corresponding period last fiscal. The company had a "decent overall growth across segments driven by improvements in consumer demand trends," Havells India said in a post-result investor presentation. Moreover, a shift in the festive season led to the advancement of advertising & promotion spending of Havells in the September quarter, it added. Havells India's total expenses grew 18 per cent to Rs 4,268.94 crore in the September quarter. In addition, the company settled its insurance clai
Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout
We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.
Industry revenue has risen above the long-term average, due to the heatwave
Polycab's Q1FY25 revenue stood at Rs 4,700 crore, up 21 per cent Y-o-Y, with the operating profit margin up 6 per cent Y-o-Y to Rs 580 crore
Havells India Ltd on Thursday reported a 42 per cent jump in consolidated net profit at Rs 407.51 crore in the first quarter ended June 30, 2024 as a scorching summer led to robust sales growth. The company had posted a consolidated net profit of Rs 287.07 crore in the same quarter last fiscal, Havells India said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 5,806.21 crore, as compared to Rs 4,833.8 crore in the corresponding period a year ago, the company said. Total expenses in the quarter under review were higher at Rs 5,334.54 crore, as compared to Rs 4,516.59 crore in the year-ago period. Electrical consumer durables segment clocked revenue of Rs 1,055.42 crore in the first quarter of this financial year, up from Rs 877.52 crore in the same period a year ago. Revenue from Lloyd brand of consumer products stood at Rs 1,928.72 crore, as against Rs 1,310.92 crore in the same period last fiscal, the company said. The cables busines
Smart lighting systems, chandeliers, LED bulbs shape how your feel in your room