In recent news, Havells India, a prominent consumer electrical goods manufacturer, experienced a 2.25% increase in its stock price, reaching ₹1,592.35 on the BSE. This jump comes in the wake of the company’s third-quarter financial results for the fiscal year ending December 31, 2024.
Despite reporting a 3% decline in net profit, dropping to ₹278 crore, Havells India saw a 10.8% growth in revenue, totaling ₹4,889 crore for the quarter. However, this growth was overshadowed by a decrease in operating margins due to rising costs. The company’s EBITDA fell by 1.5% to ₹426.4 crore, resulting in an EBITDA margin of 8.7% compared to 9.8% in the same period last year.
In response to these results, Havells India announced an interim dividend of ₹4 per equity share on February 14, 2025. The company’s stock had previously reached a 52-week high of ₹2,104.95 on September 9, 2024, and a low of ₹1,280.20 on January 24, 2024.
Investors and industry experts will be closely monitoring the company’s performance in the upcoming quarters to assess its financial health and growth prospects. Stay tuned for more updates on Havells India and its position in the consumer electrical goods market.
