Havells India Q3 Results: Profit Slips 3.5%, Misses Estimates
The electrical equipment firm's earnings before interest, tax, depreciation and amortization slipped to Rs 426 crore, representing a 1.6% fell for the third quarter.
Havells India Ltd. (Source: Company website)
Havells India Ltd.'s net profit fell by 3.5% to Rs 278 crore year-on-year in the quarter ended Dec. 31, 2024. This missed the consensus estimates of Rs 339 crore shared by analysts tracked by Bloomberg.
The company's revenue rose by 10.8% to Rs 4,889 crore for the October-December quarter of fiscal 2025, according to an exchange filing on Thursday. That compares with the Rs 4,995-crore consensus estimate of analysts tracked by Bloomberg.
The electrical equipment firm's earnings before interest, tax, depreciation and amortisation slipped to Rs 426 crore, representing a 1.6% fall for the third quarter as against Rs 433 crore for the same period last year.
Margins contracted at 8.7% for the three months ended Dec. 31, 2024, as contrasted to Rs 9.8% for the year-ago period.
Havells India Q3 Highlights (Consolidated, YoY)
Revenue up 10.8% to Rs 4,889 crore versus Rs 4,414 crore.
Ebitda down 1.6% to Rs 426 crore versus Rs 433 crore.
Ebitda margin at 8.7% versus 9.8%.
Net profit down 3.5% to Rs 278 crore versus Rs 288 crore.
Havells India declared an interim dividend of Rs 4 per equity share and will be "dispatched to the shareholders on or before 30 days from the date of its declaration or before Feb. 14," the filings said.
Shares of Havells India closed 2.05% higher at Rs 1,558.25 apiece on the NSE, compared to a 0.42% rise in the benchmark Nifty.
The stock has fallen 8.95% in the last 12 months. Out of 41 analysts tracing the company, 23 recommend 'buy' for the stock, 12 suggest 'hold,' and six maintain 'sell.' The average of 12-month analysts' price targets implies a potential upside of 24.1%.
