Havells India’s net sales during the quarter under review stood at Rs1,777.36 crore against Rs1,559.33 crore in the year ago period. Photo: MintNew Delhi: Consumer electrical goods maker Havells India Ltd on Monday reported a standalone net profit of Rs171.02 crore for the quarter ended September, on account of higher income. The company had posted a net profit of Rs145.79 crore during the same period previous fiscal, Havells India said in a regulatory filing. Havells India had acquired the consumer durable business of the Lloyd Electric and Engineering for an enterprise value of Rs1,600 crore in February. Revenue from cable business during the period stood at Rs569.34 crore while electrical consumer durable business revenue was Rs321.55 crore.

Source: Mint October 23, 2017 09:22 UTC