Havells India Posts Rs 243 Cr Net Profit in Q1 FY23
Havells India Limited announced its financial results for the first quarter ended June 30, 2022.
July 21, 2022. By News Bureau
Commenting on the financial performance Anil Rai Gupta, Chairman and Managing Director, Havells India Limited, said, “Robust revenue growth over a disrupted quarter. Margins adversely impacted due to commodity cost fluctuation. We expect benefits from the recent cost moderation to reflect in a couple of quarters. The demand outlook remains stable in consumer and residential segments.”
Net revenue grew by 63% to INR 4,230 crore in Q1 FY23 as against INR 2,598 crore in the corresponding quarter previous year.
EBIDTA was INR 361 crore in Q1 FY23 as against INR 353 crore in the corresponding quarter previous year.
Profit before Tax was INR 327 cr in Q1 FY23 as against INR 315 crore in Q1 FY22.
Net Profit was INR 243 crore in Q1 FY23 as against INR 234 crore in Q1 FY22.
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