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HomeBusinessHavells Q4 net profit up 16 per cent at Rs 352.48 crore

Havells Q4 net profit up 16 per cent at Rs 352.48 crore

New Delhi, May 4 (PTI) Consumer electric goods maker Havells India Ltd. The consolidated net profit for the fourth quarter of the last financial year ended March rose 16.01 per cent to Rs 352.48 crore. The company had earned a consolidated net profit of Rs 303.83 crore in the corresponding quarter of the previous financial year.

In a communication to the stock exchanges, the company said its operating income grew by 32.55 per cent to Rs 4,426.26 crore during the quarter as against Rs 3,339.21 crore in the corresponding quarter of the previous fiscal.

Anil Rai Gupta, Chairman and Managing Director, Havells India, said sales picked up in the fourth quarter due to the good performance of various segments. “Though margins have been impacted by inflation, we are expecting that to improve.”

The company’s total expenses during the quarter stood at Rs 3,996.12 crore.

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