Havells India Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
October 29, 2020 at 02:49 pm IST
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Havells India Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 25,389.9 million compared to INR 22,605.6 million a year ago. Net income was INR 3,263.6 million compared to INR 1,793.4 million a year ago. Basic earnings per share was INR 5.21 compared to INR 2.87 a year ago. For the half year, total revenue was INR 40,545.5 million compared to INR 50,170.6 million a year ago. Net income was INR 3,903.4 million compared to INR 3,565.7 million a year ago. Basic earnings per share was INR 6.23 compared to INR 5.7 a year ago.
Havells India Limited is an India-based fast moving electrical goods (FMEG) company. The Company is also engaged in the manufacturing of power distribution equipment. The Companyâs products include industrial and domestic circuit protection devices, cables and wires, motors, fans, modular switches, home appliances, air conditioners, electric water heaters, power capacitors, luminaires for domestic, commercial, and industrial applications. The Company has brand showroom in the electrical industry, namely Havells Exclusive Brand Stores. It has approximately 700+ Havells Exclusive Brand Stores across the country, which helps customers, both domestic and commercial, to choose from a variety of products for different applications. The Company also offers door-step service via its initiative Havells Connect. It owns various brands, Havells, Lloyd, Crabtree and Standard. Its network constitutes of approximately 4000 professionals, over 14000 plus dealers and 35 branches in the country.