Havells India shares rise 2%, stock jump amid mixed Q3 FY25 results
Shares of Havells India Jumped 2.25 per cent to ₹1,592.35 on the BSE at 12.12 PM on Monday.
Havells India, a leading consumer electrical goods manufacturer, reported a 3 per cent decline in net profit for the third quarter of the fiscal year ending December 31, 2024. The company’s net profit stood at ₹278 crore, falling short of market expectations.
Revenue for the quarter increased by 10.8 per cent y-o-y to ₹4,889 crore. However, this growth was accompanied by a decline in operating margins due to rising costs. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dipped 1.5 per cent to ₹426.4 crore, resulting in an EBITDA margin of 8.7 per cent compared to 9.8 per cent in the same period last year.
Despite the profit dip, Havells India declared an interim dividend of ₹4 per equity share on February 14,2025.
The stock hit a 52- week high of ₹2,104.95 on September 9, 2024 and low of ₹1,280.20 on January 24, 2024.
