Havells Q1 profit up 13.32% at Rs 107.27 crore

Electrical goods maker Havells India today reported a 13.32 per cent increase in its standalone net profit at Rs 107.27 crore for the first quarter ended June 30, 2014.

The company had posted a standalone net profit of Rs 94.66 crore during the for the same period of the previous fiscal.

Net sales of the company rose to Rs 1,267.27 crore for the April-June quarter, as compared to Rs 1,044.06 crore during the same period of the previous fiscal, Havells India said in a filing to the BSE.

Shares of the company were trading at Rs 1,215 per scrip during the afternoon trade on the BSE, down 2.02 per cent from its previous close.

EDITORIAL OF THE DAY

  • India must move one level higher and be the exporter of electronics to the world

    INDIA hopes to achieve net zero-import balance in the electronics industry over the next three years.

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