Havells Q2 Results 2023

Read this story to learn about      Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Havells reported an increase of 33.2% YoY in its net profit · Havells reported a 6% YoY increase in the consolidated revenue · Havells’ largest segment in terms of revenue, which is its cables segment, doubled its pre-tax profit to ₹171 Cr

Performance Highlights

· Havells net profit stood at ₹249.08 Cr · Consolidated revenue reached ₹ 3,900 Cr · EBITDA stood at ₹373.3 Cr

Segment Performance

Switchgear revenue up 9% YoY to ₹532 Cr, cables segment rises 8% YoY to ₹1,470 Cr. Consumer durables dip 5% YoY to ₹733 Cr.

Share Performance

The share prices took a significant hit on 20th October as it closed with a decline of 5.16%.

Source: Havells India Limited Report – Q2 Report, BSE