Havells shares gain 3%; hit all-time high in intra-day trade

MUMBAI: Shares of electrical equipment maker Havells India today gained 3 per cent, after the company reported 19.84 per cent increase in net profit for the fourth quarter ended March 31, 2013.

The stock ended at Rs 719.15, up 3.01 per cent from its previous close on the BSE. In intra-day trade, the stock jumped 7.57 per cent to Rs 751 -- its all-time high.

At the NSE, the scrip settled with a gain of 2.86 per cent at Rs 717.50.

Havells India today reported 19.84 per cent increase in its net profit for the quarter ended March, 2013 at Rs 109.68 crore.

The company had posted a net profit of Rs 91.52 crore in the same period previous fiscal, Havells India said in a filing to the BSE.

Net income from operations stood at Rs 1,169.6 crore during the period under review, as against Rs 1,046.68 crore.

For the year 2012-13, the company said net profit stood at Rs 581.4 crore, which included one-time exceptional item of Rs 194 crore as compared to Rs 369.92 crore in FY12.

Total income grew by 11 per cent to Rs 7,247.89 crore as compared to Rs 6,518.20 crore in the previous fiscal, it added.

In the broader market, the BSE benchmark Sensex ended the day with a gain of 130.05 points at 20,160.82.