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Havells India Ltd. Q2 FY24-25 Results: Financial Highlights and Performance Overview

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Havells India Ltd, a leading Indian multinational in the electrical equipment and home appliances industry, announced its Q2 results for FY24-25 on 17th October 2024. Established in 1958, Havells is headquartered in Noida, Uttar Pradesh, and is publicly traded on both the NSE (HAVELLS) and BSE (517354). The company is known for its diverse range of products, including fast-moving electrical goods (FMEG) such as lighting, fans, modular switches, wiring accessories, and much more.

Key Highlights

  • Revenue Growth: The consolidated revenue from operations for Q2 FY24-25 stood at ₹4,539.31 Cr, reflecting an increase of 16.41% compared to the same quarter last year.
  • Net Profit: Consolidated profit for the quarter reached ₹267.77 Cr, marking an impressive 7.61% growth year-over-year.
  • Earnings Per Share (EPS): Basic EPS for the quarter was ₹4.28, slightly above the previous year's ₹3.97 for the same period.

HAVELLS INDIA LIMITED

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1658.4-2.25 (-0.13 %)

Updated - 11 November 2024
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Quarterly - Havells India Q2 Results FY24-25

Particulars

Q2 FY24-25 (₹ Cr)

Q2 FY23-24 (₹ Cr)

Revenue from Operations

4,539.31

3,900.33

Net Profit

267.77

249.08

Earnings Per Share (Basic) (₹)

4.28

3.97

Total Expenses

4,268.94

3,617.49

Profit Before Tax

363.26

335.32

Segment Highlights

  1. Switchgears: Revenue in this segment amounted to ₹551.26 Cr, up from ₹533.59 Cr in the same quarter last year. The segment contributed significantly to the overall performance, thanks to strong domestic demand.
  2. Cables: The cables division experienced substantial growth, with revenue increasing to ₹1,805.15 Cr in Q2 FY24-25 from ₹1,470.15 Cr in Q2 FY23-24.
  3. Lighting & Fixtures: Revenue in this segment stood at ₹395.07 Cr, slightly up from ₹399.91 Cr in Q2 FY23-24.
  4. Electrical Consumer Durables: This segment reported revenue of ₹856.40 Cr compared to ₹733.06 Cr in the previous year.
  5. Lloyd Consumer: The Lloyd Consumer segment, which includes home appliances, recorded a revenue of ₹589.59 Cr, up from ₹497.40 Cr.

Sector Expectations for Havells Q2 Results FY24-25

Havells’ Q2 results surpassed sector expectations, driven by a strong demand for consumer durables and industrial products. Despite challenges in the broader market, Havells has managed to sustain growth, outperforming several competitors in the electrical equipment industry.

Check out Havells India’s past performances in previous quarters and financial years.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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