Havells India Ltd on Thursday reported a 42 per cent jump in consolidated net profit at Rs 407.51 crore in the first quarter ended June 30, 2024 as a scorching summer led to robust sales growth.
The company had posted a consolidated net profit of Rs 287.07 crore in the same quarter last fiscal, Havells India said in a regulatory filing.
Consolidated revenue from operations in the first quarter stood at Rs 5,806.21 crore, as compared to Rs 4,833.8 crore in the corresponding period a year ago, the company said.
Total expenses in the quarter under review were higher at Rs 5,334.54 crore, as compared to Rs 4,516.59 crore in the year-ago period.
Electrical consumer durables segment clocked revenue of Rs 1,055.42 crore in the first quarter of this financial year, up from Rs 877.52 crore in the same period a year ago.
Revenue from Lloyd brand of consumer products stood at Rs 1,928.72 crore, as against Rs 1,310.92 crore in the same period last fiscal, the company said.
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