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 number one client electrical items producer, reported a 3 per cent decline in web revenue for the third quarter of the fiscal 12 months ending December 31, 2024. The corporate’s web revenue stood at ₹278 crore, falling wanting market expectations.
Income for the quarter elevated by 10.8 per cent y-o-y to ₹4,889 crore. Nevertheless, this development was accompanied by a decline in working margins resulting from rising prices. EBITDA (Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization) dipped 1.5 per cent to ₹426.4 crore, leading to an EBITDA margin of 8.7 per cent in comparison with 9.8 per cent in the identical interval final 12 months.
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Regardless of the revenue dip, Havells India declared an interim dividend of ₹4 per fairness share on February 14,2025.
The inventory hit a 52- week excessive of ₹2,104.95 on September 9, 2024 and low of ₹1,280.20 on January 24, 2024.
