HAVELLS (NSE: HAVELLS) Q1 Results 2024: The company has announced its quarterly results.
On an annual basis, i.e. in comparison to the April-June period of the fiscal years 2023-24, the profit has increased from 287 crore to Rs. 407 crore during the April-June period of the fiscal year 2024-25.
The market was expecting the profit to rise to 407 crore. The share of the company is Rs 1898 as of now (18 July 2024).
Havells India Q1 Results 2024: Announcement of quarterly result
On an annual basis, i.e., as compared to the April-June quarter of the financial year 2023-24, the revenue has increased from Rs 4,837 crore to Rs 5,806 crore in the April-June quarter of the financial year 2024-25.
The market had expected it to increase to Rs 5,687 crore. EBITDA i.e. working profit has increased.
On an annual basis i.e. when compared to the April-June period of the fiscal years 2023-24 EBITDA is up from 401 crore to 572 crore during the April-June quarter of budget year 2024-25.
EBITDA margin has been increased from 8.3 percent to 9.85 percent. Markets had anticipated that it would rise by 10 percent.
Stock Performance –
The stock has increased by 30 percent in three months, and 40 percent in one year. The stock has increased by 70 percent in three years.
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