Hindustan Aeronautics Q2 Results: Net Profit Jumps 22% YoY
Havells India Q2 Results: Profit Up, Weak Performance Affects Share Price
Last Updated: 17th October 2024 - 04:25 pm
Havells India announced its financial results for the quarter ended September 30, 2024, reporting a total income of ₹4,625.75 crore, a notable increase from ₹3,943.63 crore in the same quarter last year. The company recorded a net profit of ₹272.59 crore, reflecting a robust growth compared to ₹249.10 crore in the previous year.
Quick Insights:
- Revenue: ₹4,532.99 crore, up by 16.5% YoY.
- Net Profit: ₹272.59 crore, increased by 9.4% compared to last year.
- EPS: ₹4.35, up by 9.5% YoY.
- Segment Performance: The Cables segment led the performance with revenue of ₹1,805.15 crore, up from ₹1,470.15 crore YoY.
- Management's Take: "Strong growth driven by increased demand in our Electrical Consumer Durables and Cables segments. Outlook remains positive."
- Stock Reaction: Havells India Shares open today at ₹1,945.00 the quarter 2 of FY25 announced around 2:45 pm and currently trading at around ₹1820 at 3:05 pm post results.
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Havells India Ltd. Management Commentary
The management emphasized the company's strategy to enhance its product offerings and expand its market reach, focusing on innovation and customer satisfaction. They expressed confidence in sustaining this growth trajectory and enhancing shareholder value.
Stock Market Reaction
Following the announcement of its Q2 results, Havells India's shares shattered and At 2:50 pm on October 17, Havells India shares were trading 4% lower at ₹1,859 apiece. The Havells India stock has increased by 35% so far.
About the Havells India Ltd.
Havells India Ltd is a leading electrical equipment company based in India, known for its extensive range of products across various segments, including switchgears, cables, lighting, and consumer durables. The company continues to focus on innovation and sustainability in its product development. Upcoming highlights include the launch of new energyefficient products and initiatives to enhance its market presence.
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