<p>New Delhi: Consumer electrical goods maker Havells India Ltd on Tuesday reported a marginal 1.54 per cent rise in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023.</p>.<p>The company had posted a consolidated net profit of Rs 283.52 crore in the October-December quarter a year ago, according to a regulatory filing from Havells India.</p>.<p>Its revenue from operations increased 6.93 per cent to Rs 4,413.86 crore during the period under review. It was Rs 4,127.57 crore in the corresponding quarter last fiscal.</p>.Cipla stocks jump over 7% after earnings announcement.<p>Havells India's total expenses rose 7.74 per cent to Rs 4,079.02 crore in the December quarter.</p>.<p>The total income inched up 7.26 per cent at Rs 4,469.75 crore.</p>.<p>During the quarter, 'consumer demand continues to be subdued, though recent trends suggest some recovery', said Havells in an earning presentation.</p>.<p>However, infrastructure-led demand remains robust, supporting Cables and Professional Lighting business of the company, it added.</p>.<p>Moreover, in the December quarter, advertising and sales promotion spends were higher amid festive season, it added.</p>.<p>Havells' revenue from the switchgears segment in the December quarter rose 1.21 per cent to Rs 520.58 crore.</p>.<p>Its revenue from cables segment surged 11.36 per cent to Rs 1,572.69 crore against Rs 141,214 crore a year ago.</p>.<p>Revenue from lighting and fixtures was up 2.44 per cent at Rs 433.50 crore in the December quarter.</p>.<p>Electrical consumer durables (ECD) increased slightly by 2.75 per cent to Rs 961.53 crore in the third quarter of FY24.</p>.<p>Revenue from Lloyd Consumer, which Havells acquired in 2017, rose 7.5 per cent to Rs 656.10 crore.</p>.<p>Revenue from ‘Other Segment’ surged 16.21 per cent to Rs 269.46 crore in the December 2023 quarter.</p>.<p>Meanwhile, in a separate filing, Havells informed that its board in a meeting held on Tuesday declared an interim dividend of 300 per cent, which is Rs 3 per equity share of Re 1.</p>.<p>Shares of Havells India Ltd on Tuesday settled at Rs 1,312.80 on BSE, down 4.39 per cent from the previous close. </p>
<p>New Delhi: Consumer electrical goods maker Havells India Ltd on Tuesday reported a marginal 1.54 per cent rise in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023.</p>.<p>The company had posted a consolidated net profit of Rs 283.52 crore in the October-December quarter a year ago, according to a regulatory filing from Havells India.</p>.<p>Its revenue from operations increased 6.93 per cent to Rs 4,413.86 crore during the period under review. It was Rs 4,127.57 crore in the corresponding quarter last fiscal.</p>.Cipla stocks jump over 7% after earnings announcement.<p>Havells India's total expenses rose 7.74 per cent to Rs 4,079.02 crore in the December quarter.</p>.<p>The total income inched up 7.26 per cent at Rs 4,469.75 crore.</p>.<p>During the quarter, 'consumer demand continues to be subdued, though recent trends suggest some recovery', said Havells in an earning presentation.</p>.<p>However, infrastructure-led demand remains robust, supporting Cables and Professional Lighting business of the company, it added.</p>.<p>Moreover, in the December quarter, advertising and sales promotion spends were higher amid festive season, it added.</p>.<p>Havells' revenue from the switchgears segment in the December quarter rose 1.21 per cent to Rs 520.58 crore.</p>.<p>Its revenue from cables segment surged 11.36 per cent to Rs 1,572.69 crore against Rs 141,214 crore a year ago.</p>.<p>Revenue from lighting and fixtures was up 2.44 per cent at Rs 433.50 crore in the December quarter.</p>.<p>Electrical consumer durables (ECD) increased slightly by 2.75 per cent to Rs 961.53 crore in the third quarter of FY24.</p>.<p>Revenue from Lloyd Consumer, which Havells acquired in 2017, rose 7.5 per cent to Rs 656.10 crore.</p>.<p>Revenue from ‘Other Segment’ surged 16.21 per cent to Rs 269.46 crore in the December 2023 quarter.</p>.<p>Meanwhile, in a separate filing, Havells informed that its board in a meeting held on Tuesday declared an interim dividend of 300 per cent, which is Rs 3 per equity share of Re 1.</p>.<p>Shares of Havells India Ltd on Tuesday settled at Rs 1,312.80 on BSE, down 4.39 per cent from the previous close. </p>