New Delhi, Delhi, India
Highlights
Financial Highlights - Third Quarter:
-- Net Revenue for the quarter stood at Rs. 534.6 Crores. The consolidated Net Revenue for the quarter stood at Rs.1341.3 Crores.
-- Profit After Tax for the quarter at Rs.37 Crores.The consolidated Profit After Tax for the quarter stood at Rs.44.5 Crores.
-- PBDIT at Rs. 52.4 Crores. Consolidated PBDIT at Rs. 103 Crores.
-- Earning Per Share at Rs.6.70
Financial Highlights - Nine Months (1st April '07- 31st Dec.'07)
-- Net Revenue for the period stood at Rs. 1507 Crores. The consolidated Net Revenue for the period stood at Rs.3626 Crores.
-- Profit After Tax for the period at Rs.104 Crores. The consolidated Profit After Tax for the period at Rs.114 Crores.
-- PBDIT at Rs. 143 Crores. Consolidated PBDIT at Rs. 268 Crores.
-- Earning Per Share at Rs. 19.
Other Highlights:
-- Company launches India's first eco friendly green CFL
-- Expands its range of decorative Fans
-- Launches 6 new products in its Industrial and domestic product segment
-- The lighting range expanded with new editions in downlighters, consumer, commercial, street and area lighting
Havell's India Limited today announced its results for Q3 FY2007-08.
Reflecting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said: "The quarter gone by has been remarkable for the company wherein we consolidated our market share reflected in the financial performance. This performance reflects the fundamental strengths of our business model, which is driving us towards becoming the leading player globally in the electrical product and power distribution equipment space.
We are fast approaching the time when we would be able to fully leverage our business model. We expect a healthy performance in the coming times to enhance the wealth for our varied stakeholders groups."
Q3FY2008 v/s Q3 FY2007
Net Revenue during the quarter increased by 37% to Rs.534.6 Crores as against Rs.300.9 Crores during the corresponding quarter of the previous year. The Profit After Tax increased by 44% to Rs.37 Crores in the present quarter as against Rs.25.8 Crores reported in the corresponding quarter of the previous year.
The Profit before depreciation, interest and tax (PBDIT) increased by 39% to Rs. 52.4 Crores as compared to Rs 37.7 Crores. The Profit Before Tax was up by 42% to Rs. 43.8 Crores compared to Rs. 30.9 Crores.
The performance of the switchgear sales continued with the healthy trend, showing a growth of 52% to Rs.140.5 crores from Rs. 92.6 Crores achieved in the corresponding quarter of the previous year. The cable & wire business segment showed a growth of 28% with Rs. 241.4 crores as against Rs. 189 Crores.
Consolidated Performance
During the quarter ended December, 2007, the net revenue for the company (Consolidated) has gone up substantially to Rs. 1341.3 Crores. While the Profit After Tax was at Rs. 44.5 Crores.
The Profit before depreciation, interest and tax (PBDIT) was at Rs. 103 Crores with the Profit Before Tax of Rs. 54.2 Crores.
About Havells India Limited:
Havells India Ltd, a US$1bn company, and one the largest & fastest growing electrical and power distribution equipment company, manufacturing products ranging from building circuit protection, Industrial & Domestic switchgear, cables, energy meters, fans, CFL lamps, Luminaires for domestic, commercial & Industrial application and modular switches.
Havells owns some of the prestigious global brands like Crabtree*, Sylvania, Concord, Lumiance, Claude, Linolite, SLI Lighting & Zenith.
With 91 branch / representative office and over 8000 professionals spread over 50 countries across the globe, the group has achieved rapid success in the past few years. Its 18 state-of-the-art manufacturing plants spread over India, Europe, Latin America & Africa churn out globally acclaimed products. Havells India Ltd is a name synonymous with excellence and expertise in the electrical industry. Its 20000 strong global distribution network is always ready to service its clients.
The company has acquired a number of International certifications, like CSA, KEMA, CB, CE, ASTA, CPA, SEMKO, SIRIUM (Malaysia), SPRING (Singapore), TSE (Turkey), SNI (Indonesia) and EDD (Bahrain) for various products. Today Havells and its brands have emerged as the preferred choice for a discerning range of individual and industrial consumers both in India and abroad.
The essence of its success lies in the expertise of a fine team of professionals, strong relationship with associate, the ability to adapt quickly and efficiently and ably supported with the vision to think ahead.
*India Region
To view the Press Release with Tables, please click on the link given below:
Press Release with Tables
Source: Havells India Limited (Business Wire India)
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