Havells Q4 net up 25% to Rs 137 crore

Electrical goods maker Havells India today reported 24.83 per cent rise in standalone net profit to Rs 136.92 crore for the quarter ended March 31.

The company had reported a net profit of Rs 109.68 crore in the corresponding period of previous fiscal.

Net sales of the company rose to Rs 1,300.09 crore for the fourth quarter, against Rs 1,161.57 crore in the same period of previous fiscal, Havells India said in a filing to the BSE.

For the year ended March 31, 2014, the company reported a consolidated net profit of Rs 446.33 crore, against Rs 581.43 crore in the previous fiscal.

Consolidated net sales of the company, however, rose to Rs 8,150.34 crore for the financial year 2013-14, against Rs 7,221.8 crore in 2012-13.

The company's board has recommended a final dividend of Rs 10 per equity share of Rs 5 each in addition to the interim dividend of Rs 5 per equity share already paid in March 2014, amounting to a total dividend of Rs 15 per equity share (300 per cent) for the financial year 2013-14.

Shares of Havells India were trading at Rs 959.05 apiece during afternoon trade on the BSE, down 0.67 per cent from its previous close.

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