Havells posts 114-Crore net in March Qtr, sales rise 11%
Havells India has reported a consolidated net profit of 114 crore for the quarter ended March against a net loss of 11 crore a year earlier.
By ET Bureau |
NEW DELHI: Havells India has reported a consolidated net profit of 114 crore for the quarter ended March against a net loss of 11 crore a year earlier, thanks to the turnaround of its European arm Havells Sylvania. The electrical equipment maker posted an 11% jump in its consolidated net sales at 1,549 crore.
On a standalone basis, Havells India's profit margin slipped in the quarter due to rising input costs. While its net sales increased 20% to 841 crore, the net profit grew only 5% at 69 crore.
For 2010-11, Havells' consolidated net profit grew more than four times to 304 crore compared with 70 crore in the previous year. Net sales during the year increased 9% to 5,613 crore.
On a standalone basis, Havells India's profit margin slipped in the quarter due to rising input costs. While its net sales increased 20% to 841 crore, the net profit grew only 5% at 69 crore.
For 2010-11, Havells' consolidated net profit grew more than four times to 304 crore compared with 70 crore in the previous year. Net sales during the year increased 9% to 5,613 crore.
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