Havells India reports Q3 net profit of Rs 194 cr
22 Jan 2018 10:54 PM IST
New Delhi: Consumer electrical goods maker Havells India on Monday reported a standalone net profit at Rs 194.36 crore for the quarter ended December 2017.
The company had posted a net profit at Rs 152.97 crore during the October-December quarter of the previous fiscal, Havells India said in a regulatory filing. Total income during the quarter under review stood at Rs 1,993.53 crore. It was Rs 1,650.68 crore in the year-ago period.
The company said the results are not comparable with previous period as it had acquired consumer durable business of LEEL Electricals Ltd in May last year. "We expect that rationalisation of GST rates for electrical product categories would trigger positive sentiments amongst consumers. We are optimistic on growth going forward," Havells India Chairman and Managing Director, Anil Rai Gupta said.
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