Havells India Ltd posted a 16.5% year-on-year rise in consolidated net profit to ₹317 crore for the September quarter, surpassing CNBC-TV18’s estimate of ₹308 crore.

Revenue grew 5.2% year-on-year to ₹4,766 crore, slightly below the poll estimate of ₹4,843 crore. Operating performance was healthy, with EBITDA rising 16.1% year-on-year to ₹441 crore, compared with the projected ₹466 crore.

The company’s operating margin improved to 9.2% from 8.4% in the same period last year, aided by cost efficiencies and a favourable product mix.

Also Read : Havells eyes second-half bounce, sees cables and wires leading growth

Chairman and Managing Director Anil Rai Gupta, in an earlier interview with CNBC-TV18, expressed confidence in sustained growth, particularly in the cables and wires busines

See Full Page