Havells India has reported a standalone profit after tax of Rs 70 crore in the second quarter of FY12, a growth of 21% as compared to Rs 58 crore in the corresponding quarter of last fiscal.
Total income moved up 28% to Rs 852 crore in the July-September quarter of FY12 versus Rs 663 crore in same quarter the previous year.
Numbers were better-than-expectations; CNBC-TV18 poll saw net profit at Rs 66 crore and total income at Rs 790 crore.
Expenditure jumped 30% to Rs 758 crore from Rs 584 crore and EBITDA rose 20% to Rs 103 crore from Rs 86 crore during the same period.
Operating profit margin stood at 12.08% as against 12.94% year-on-year.
Sylvania Global, a subsidiary of Havells India has reported net sales of Rs 746 crore as against Rs 670 crore and profit after tax of Rs 10.2 crore versus Rs 7.6 crore year-on-year.
Other income during Q2FY12 included Euro 1.46 million due to profit on sale of fixed assets.
Total net debt stands at Euro 125 million versus Euro 127 million (QoQ).
Promoters hold 61.6% stake in Havells. Warburg Pincus as the main investor holds 14%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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