Havells India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 23, 2024 at 08:30 am EST
Share
Havells India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 44,138.6 million compared to INR 41,275.7 million a year ago. Revenue was INR 44,697.5 million compared to INR 41,672.1 million a year ago. Net income was INR 2,879.1 million compared to INR 2,835.2 million a year ago. Basic earnings per share from continuing operations was INR 4.59 compared to INR 4.53 a year ago. Diluted earnings per share from continuing operations was INR 4.59 compared to INR 4.53 a year ago.
For the nine months, sales was INR 131,479.9 million compared to INR 120,515.2 million a year ago. Revenue was INR 133,212 million compared to INR 121,825.2 million a year ago. Net income was INR 8,240.6 million compared to INR 7,136.9 million a year ago. Basic earnings per share from continuing operations was INR 13.15 compared to INR 11.39 a year ago. Diluted earnings per share from continuing operations was INR 13.15 compared to INR 11.39 a year ago.
Havells India Limited is an India-based fast moving electrical goods (FMEG) company. The Company is also engaged in the manufacturing of power distribution equipment. The Companyâs products include industrial and domestic circuit protection devices, cables and wires, motors, fans, modular switches, home appliances, air conditioners, electric water heaters, power capacitors, luminaires for domestic, commercial, and industrial applications. The Company has brand showroom in the electrical industry, namely Havells Exclusive Brand Stores. It has approximately 700+ Havells Exclusive Brand Stores across the country, which helps customers, both domestic and commercial, to choose from a variety of products for different applications. The Company also offers door-step service via its initiative Havells Connect. It owns various brands, Havells, Lloyd, Crabtree and Standard. Its network constitutes of approximately 4000 professionals, over 14000 plus dealers and 35 branches in the country.