Havells India Limited today announced its results for Q4FY2007-08.

Reflecting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said: “We have had a significant performance on the back of strong growth witnessed in the domestic and international arena both.

“It’s been a fast evolving scenario calling for a quick response in order to leverage the opportunity. The company is continuously gearing to address the needs and opportunities being thrown up by the environment.”

We are approaching the time when we would be able to fully leverage our business model We expect a healthy performance in the coming times to enhance the wealth for our varied stakeholders groups.”

Q4FY2008 v/s Q4 FY2007

Net Revenue during the quarter increased by 24% to Rs.548 Crores as against Rs.440 Crores during the corresponding quarter of the previous year. The Profit After Tax increased by 33% to Rs.39 Crores in the present quarter as against Rs.29 Crores reported in the corresponding quarter of the previous year.

The Profit before depreciation, interest and tax (PBDIT) increased by 37% to Rs.57 Crores as compared to Rs.42 Crores. The Profit Before Tax was up by 36% to Rs.46 Crores compared to Rs.34 Crores.

The performance of the switchgear sales showed a growth of 15% to Rs.131 crores from Rs.113 Crores achieved in the corresponding quarter of the previous year. The cable & wire business segment showed a growth of 28% with Rs.254 Crores as against Rs.198 Crores. 24% increase in lighting and fixtures segment to Rs. 76 Crores as against Rs.61 Crores. 37% growth in Electrical consumer durables with revenue of Rs.74 Crores as against Rs.54 Crores in the corresponding quarter of the previous year

Y2008 v/s FY2007

Net Revenue during the year increased by 33% to Rs.2055 Crores as against Rs.1547 Crores during the previous year. The Profit After Tax increased by 41% to Rs.144Crores in the present year as against Rs.102 Crores reported in the previous year.

The Profit Before Tax was up by 37% to Rs.200 Crores compared to Rs.146 Crores.

The performance of the switchgear sales continued with the healthy trend, showing a growth of 34% to Rs.543 crores as against Rs.406 Crores in the previous year. The cable & wire business segment showed a growth of 36% with Rs.924 Crores as against Rs.681 Crores. 23% increase in lighting and fixtures segment to Rs.284 Crores as against Rs.231 Crores. 42% growth in Electrical consumer durables with revenue of Rs.240 Crores as against Rs.169 Crores in the previous year.

Consolidated Performance

During the year ended March, 2008, the net revenue for the company (Consolidated) has gone up substantially to Rs. 5,002 Crores. While the Profit After Tax was at Rs.161 Crores.

The Profit before depreciation, interest and tax (PBDIT) was at Rs.362 Crores with the Profit Before Tax of Rs.199 Crores.

Sourced From: Mutual Public Relations

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