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 ๐
Here are the key details from Havells India Limitedโs quarterly report:
โ Revenue increased by 12% year-on-year to Rs 5434.34 crore
โ Net profit surged by 24% year-on-year to Rs. 448.86 crore
โ EBITDA grew by 20% to Rs 637 crore
โ Fiscal year revenue rose by 10% year-on-year to Rs 18549.90 crore
โ Net profit in the fiscal year jumped by 18.4% year-on-year to Rs 1273.21 crore
Factors Contributing to Success ๐
Anil Rai Gupta, the chairman and managing director of Havells, credited the outstanding performance to various factors:
โ Continuous infrastructure-led demand
โ Promising start of the summer season
โ Early signs of benefit from real estate uptick
โ Margin expansion through operational efficiencies
โ Sustained investments in long-term capabilities
Business Growth ๐
Here is a breakdown of the growth in different business segments:
โ Electrical consumer durables business grew by 21% to Rs 910 crore
โ Other businesses saw a growth of 22% to Rs 310 crore
โ Cable business grew by 14%
โ Switchgear business grew by 8%
โ Lighting and fixtures business grew by 5%
โ Lloyd business grew by 6% to Rs 1340 crore
Consolidated Performance ๐
The consolidated financial performance is as follows:
โ Revenue increased by 10% year-on-year to Rs 18590.01 crore
โ Net profit grew by 18.6% year-on-year to Rs 1270.76 crore
Dividend Announcement ๐ฐ
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!
Cindy Dutta emerges as a polymath of the crypto realm, seamlessly blending the roles of analyst, researcher, and editorial virtuoso. Navigating the intricate labyrinth of cryptocurrencies, Cindy unfurls intricate patterns of digital assets, resonating harmoniously with minds of all kinds. Her knack for unraveling enigmatic crypto intricacies intertwines effortlessly with her editorial finesse, transmuting complexity into an immersive symphony of comprehension. A guiding star for both seasoned explorers and neophytes treading the cryptic waters, Cindy’s insights forge a compass for informed decision-making amidst the ever-shifting currents of digital finance. With the precision of a craftsman, they craft a narrative that enriches the evolving mosaic of the crypto landscape.