Page 3 - Havells India

NCLT allows insolvency against Himalayan Mineral Water on J-K Bank's plea

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank's plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm's Corporate Insolvency Resolution Process (CIRP). "We are satisfied that the Applicant/Financial Creditor (J&K Bank) has proved the debt and the default, which is more than the threshold limit... the application u/s 7 is found to be fit for initiation of the CIRP against the Corporate Debtor (Himalayan Mineral Waters," said a two-member bench in the order passed last Monday. Jammu & Kashmir Bank had claimed a default of Rs 50 crore against Himalayan Mineral Waters, engaged in the business of manufacturing of beverages, being the corporate guarantor for the credit facilities availed by the Leel Electricals. LeeL ...

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Havells India Q4 results: Net profit up 25% at Rs 447 cr, revenue rises 12%

Havells India Q4 FY results: The board of directors decided to recommend a final dividend of Rs 6 per equity share of Re 1 each for FY24

Q4FY24: Indian Oil, REC, Havells India among 56 firms to post results today

Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results

Stock Alert: Havells India m-cap tops Rs 1-trillion mark; stock rallies 4%

Havells India stock price: Havells India's has been outperforming the market in anticipation of better January-March quarter (Q4) demand for fans and air-conditioners (ACs)

Prediction of scorching heat creates winners in Indian stock market

Consumption of soda, ice creams and dairy products typically jumps sharply during the summer

Prospects of Havells India seen improving; but positives priced in

Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East

Havells, V-Guard, Voltas rally up to 5% on healthy outlook

Shares of Havells India hit a new high of Rs 1,590.90, surging 5 per cent on the BSE. A sharp run-up in the stock price has seen the m-cap of Havells India inch towards Rs 1 trillion

Havells India hits record high, rallies 6% in 2 days; m-cap nears Rs 1 trn

Global brokerage firm Goldman Sachs has upgraded the rating for the consumer electronics company to 'Buy' from 'Neutral'

Polycab India Q3 profit rises 15.4% on healthy cables, wires demand

Consolidated net profit rose to 4.13 billion rupees ($49.7 million) in the three months ended Dec. 31 from 3.58 billion rupees a year earlier

DRI conducts search operation at Havells India corporate office in Noida

The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer of electrical goods and appliances. DRI acts as the lead agency to check smuggling and cases of commercial fraud. "The Directorate of Revenue Intelligence has conducted a search at the Corporate office of the Company viz. Havells India Limited in Noida, which concluded this morning on 4th November 2023 at around 2:20 am," Havells India said in a regulatory filing. The search was conducted over "alleged mis-classification in import of Heating Element," the company said. According to the company- which operates in the consumer electrical and appliances market with brands such as Havells, Lloyd, Crabtree, Standard and REO - its impact on financial, operation or other activities on the company cannot be quantified at this point in time. However, it said, "in the preliminary assessment, we understand that it will not have any material impact on ...

Havells Q2FY24 result: Consolidated net profit jumps 33% YoY to Rs 249 cr

The revenue from operations for Q2FY24 came in at Rs 3,900.33 crore, compared to Rs 3,679.49 crore year-on-year

Havells Q1FY24 result: Net revenue up 14% YoY; disrupted summer drags sales

Ebitda increases by 11% YoY but goes down by 24% QoQ; LLoyd witnesses steady growth

Havells clarifies after CMD's Rs 28 cr salary questioned by shareholders

According to a regulatory filing by the company, the shareholders had sought clarification at the upcoming AGM of the company on June 27, 2023

Analysts see more upside in consumer appliance stocks as temperatures soar

White goods stocks: With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside over the near-term and advise investors to pick stocks selectively

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs

The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said

Havells Studio Meditate air purifier launched in India: Price, specs & more

Maiden air purifier under the Havells' Studio line, the Meditate is priced at Rs 64,900. It will be available on e-commerce platform Amazon in silver satin colour

Havells Q2 net profit dips 38% to Rs 187 cr, revenue rises 13.6%

Havells India Ltd on Wednesday reported a 38.15 per cent decline in its consolidated net profit to Rs 187.01 crore for the second quarter ended on September 30, 2022, as commodity inflation hit its margins. The consumer electrical goods maker company had posted a consolidated net profit of Rs 302.39 crore in the July-September quarter a year ago, Havells said in a regulatory filing. Havells' revenue from operations rose by 13.63 per cent to Rs 3,679.49 crore during the period under review as against Rs 3,238.04 crore in the corresponding period last fiscal. Its total expenses were at Rs 3,471.57 crore, up 21.10 per cent during the second quarter of FY 2022-23 as against Rs 2,866.54 crore. Havells India Chairman and Managing Director Anil Rai Gupta said: "Decent revenue growth considering the inflationary environment. Margins adversely impacted due to commodity cost fluctuation." "We believe that margins have hit the trough and are expected to improve hereon. The demand outlook rem