Havells Q4 Net Profit Surges 24% YoY to Rs 449 crore! 💰🚀

Welcome to the Exciting World of Havells India Limited Quarterly Report

Discover the latest financial highlights and performance of Havells India Limited in the fourth quarter of FY24!

Impressive Financial Performance 📈

Here are the key details from Havells India Limited’s quarterly report:

– Revenue increased by 12% year-on-year to Rs 5434.34 crore
– Net profit surged by 24% year-on-year to Rs. 448.86 crore
– EBITDA grew by 20% to Rs 637 crore
– Fiscal year revenue rose by 10% year-on-year to Rs 18549.90 crore
– Net profit in the fiscal year jumped by 18.4% year-on-year to Rs 1273.21 crore

Factors Contributing to Success 🌟

Anil Rai Gupta, the chairman and managing director of Havells, credited the outstanding performance to various factors:

– Continuous infrastructure-led demand
– Promising start of the summer season
– Early signs of benefit from real estate uptick
– Margin expansion through operational efficiencies
– Sustained investments in long-term capabilities

Business Growth 📊

Here is a breakdown of the growth in different business segments:

– Electrical consumer durables business grew by 21% to Rs 910 crore
– Other businesses saw a growth of 22% to Rs 310 crore
– Cable business grew by 14%
– Switchgear business grew by 8%
– Lighting and fixtures business grew by 5%
– Lloyd business grew by 6% to Rs 1340 crore

Consolidated Performance 📈

The consolidated financial performance is as follows:

– Revenue increased by 10% year-on-year to Rs 18590.01 crore
– Net profit grew by 18.6% year-on-year to Rs 1270.76 crore

Dividend Announcement 💰

The board of directors has recommended a dividend of Rs 6 per share for the financial year 2023-24, pending approval by the shareholders at the annual general meeting.

Hot Take: Final Thoughts on Havells India Limited

Explore the exceptional growth and performance of Havells India Limited in the latest quarterly report. With increased revenue, net profit, and dividend recommendations, the company continues to showcase its strength in the market. Stay tuned for more exciting updates from Havells!