Havells India shares rise nearly 4% after Q3 results; check key numbers, outlook, and dividend payout

Last seen, the stock was trading 1.40% higher at ₹1,580.

The company reported a 3.45% decline in consolidated net profit to ₹277.96 crore for the third quarter ending December 2024.

Havells had posted a consolidated net profit of ₹287.91 crore in the October-December quarter a year ago.

However, its revenue from operations rose 10.76% to ₹4,888.98 crore in the December quarter. It was ₹4,413.86 crore in the corresponding period of the last fiscal.

Havells India's total expenses increased 12.18% to ₹4,575.97 crore in the December quarter.

The total income of Havells India, which includes other income, also grew 10.81% to ₹4,953.31 crore.

Its Chairman and Managing Director, Anil Rai Gupta, said, "Havells consumer, industrial, and infrastructure segments delivered healthy performance, although commodity fluctuations impacted wire growth, resulting in moderate overall revenue growth."

Over the outlook, he said, "We remain positive on better demand and margin scenarios in forthcoming quarters.".

The board of Havells, in a meeting held on Thursday, declared an interim dividend of 400%, which is ₹4 per equity share of ₹1 each.

The company, which had in August 2023 stated that it was exploring the possibility of setting up a new facility to manufacture refrigerators in Ghiloth, said it has "now decided to set up the facility" at the place.

The new manufacturing plant is proposed to have a capacity of 14 lakh units, Havells India said in a regulatory filing.

The investment required is approximately ₹480 crore, and the proposed capacity is expected to be added by Q2FY27, it said, adding the investments would be funded through internal accruals.

The rationale behind the setting up of the new facility is "to reap the benefits of backward integration and economies of scale," the company said.

Shares of Havells India have risen over 7% in the past 12 months.