Havells India reports 74% fall in Q4 net profit

11 May 2017

Havells India has reported results for fourth quarter and year ended March 31, 2017.  

The company has reported a fall of 74.11% in its net profit at Rs 94.70 crore for the quarter ended March 31, 2017 as compared to Rs 365.74 crore for the same quarter in the previous year. However, total income from operations of the company increased by 17.22% at Rs 1873.44 crore for quarter under review as compared to Rs 1598.18 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the company has posted a fall of 24.30% in its net profit at Rs 539.04 crore as compared to Rs 712.03 crore in FY16. However, total income of company increased by 14.98% at Rs 6720.24 crore for year under review as compared to Rs 5844.77 crore for the year ended March 31, 2016. 

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 62% in its net profit after tax and minority interest at Rs 494.11 crore as compared to Rs 1300.45 crore in the previous year. Total income of company has decreased by 16.66% at Rs 6751.14 crore for year under review as compared to Rs 8100.99 crore for the year ended March 31, 2016.

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