Havells India Q4 net up 5% at Rs 69.04 crore

Total income during the fourth quarter FY11 stood at Rs 845.36 crore as against Rs 681.81 crore in the corresponding period a year ago.

NEW DELHI: Electrical equipment maker Havells India Ltd today reported 4.97 per cent increase in net profit for the quarter ended March 31, 2011 at Rs 69.04 crore.

The company had posted a net profit of Rs 65.77 crore in the same period in the previous year, Havells India said in a filing to the Bombay Stock Exchange (BSE).

Total income during the fourth quarter FY11 stood at Rs 845.36 crore as against Rs 681.81 crore in the corresponding period a year ago, it added.

The firm said its board at its meeting held today has recommendation of 50 per cent dividend for the financial year 2010-11 at Rs 2.50 per equity share of Rs 5 each.

For the fiscal ended March 31, 2011 net profit stood at Rs 242.05 crore, as against Rs 228.16 crore, up 6.08 per cent.

Total income during the year stood at Rs 2,899.37 crore as against Rs 2,385.94 crore.
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On a consolidated basis, the group posted a net profit of Rs 303.57 crore as compared to Rs 69.56 crore in the previous fiscal. Group total income FY11 was at Rs 5,636.35 crore as against Rs 5,184.74 crore.

Havells India's shares were trading at Rs 395.85 in the late afternoon trade on the BSE, up 2.78 per cent from the previous close.
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