Havells India’s net profit increases by 1.58% in Q4 FY23, Real Estate News, ET RealEstate

June 23, 2023

NEW DELHI: Havells India has recorded a growth of 1.58 per cent in its net consolidated profit during the quarter ended March 31, 2023. Its profit after tax stood at Rs 358.04 crore in Q4 FY23 as against Rs 352.48 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated income stood at Rs 4,905.92 crore in Q4 FY23, a growth of 9.74 per cent from Rs 4,470.37 crore it recorded in the similar quarter last year.

The board of directors decided to recommend a final dividend at Rs 4.50 per equity share of Re 1 each for the financial year 2022-23.

During the quarter, company’s switchgears segment saw revenue of Rs 601.03 crore, a growth of 26.66 per cent while its profit before tax (PBT) increased by 38.96 per cent and stood at Rs 172.11 crore. Its lighting & fixtures segment witnessed revenue of 415.95 crore, a growth of 2.65 per cent and PBT of Rs 75.49 crore, an increase of 19.31 per cent.

  • Published On May 3, 2023 at 05:00 PM IST

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