Havells India Q2 Results Strong YoY Revenue at ₹4,539.31 Crores

Havells India Q2 Results: The table presents Havells India's financial performance for Q2 2024, showing key figures compared to both the previous quarter and the same quarter last year. In terms of Year-over-Year (YoY) growth, Havells India achieved a total revenue of ₹4,539.31 Crores, which is a YoY increase of 16.38% compared to ₹3,900.33 Crores in Q2 2023. However, when we look at the Quarter-on-Quarter (QoQ) results, there is a significant drop in revenue of 21.82% from the previous quarter, which reported ₹5,806.21 Crores. This highlights a challenging period for the company.

Havells reported ₹268.23 Crores in Q2 2024, marking a YoY growth of 7.69% from ₹249.08 Crores in Q2 2023. Yet again, the QoQ performance shows a decline of 34.24%, down from ₹407.90 Crores in Q1 2024. The Selling, General, and Administrative Expenses also show a YoY increase of 28.58%, reflecting rising costs. Interestingly, these expenses decreased by 6.11% when compared Quarter-on-Quarter. 

Here’s a simplified summary of Havells India’s Q2 results for 2024:

(Rs. in crores, except the crores)

Source: Here 

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Havells India Q2 Results

Havells India reported its financial results for the quarter and half-year ending on September 30, 2024. In the quarter ended September 30, 2024, the company made ₹4,532.99 crores from its operations, which is higher than the ₹3,891.24 crores earned during the same quarter last year. Overall, their total income for this quarter was ₹4,625.75 crores, a noticeable increase from ₹3,943.63 crores in the previous year.

Havells India earned ₹10,331.10 crores from operations, compared to ₹8,714.94 crores last year. Their expenses also went up but at a slower rate than their income. The company's total expenses for the quarter were ₹4,257.67 crores, resulting in a profit before tax of ₹368.08 crores. After taxes, the profit for the quarter was ₹272.59 crores, which is higher than the ₹249.10 crores from last year.

Havells reported a Basic Earnings Per Share (EPS) of ₹4.35, compared to ₹3.97 from the previous year.

Here’s a summarized financial result based on the provided data for the quarter and half-year ended September 30, 2024. 

Havells India Stock Performance

Havells India’s market capitalization is ₹1,15,965 crores, showing its strong position in the market. The current stock price is ₹1,850, and it has reached a high of ₹2,106 and a low of ₹1,233 in recent times. The company's price-to-earnings (P/E) ratio is 82.2, indicating how investors value its earnings. The book value is ₹124, which shows the company's net asset value per share. Havells offers a dividend yield of 0.49%, meaning investors receive some returns. The return on capital employed (ROCE) is 24.4%, and the return on equity (ROE) is 18%, reflecting good profitability. 

Here’s the information presented in a simple table format:

Quarterly Results 

In the quarterly results for Havells India, looking at Mar 2024, Jun 2024, and Sep 2024, we see important financial changes. In Mar 2024, sales were the highest at 5,442 Rs. Crores, leading to a net profit of 447 Rs. Crores and earnings per share (EPS) of 7.13 Rs. This showed strong performance. However, in Jun 2024, sales increased to 5,806 Rs. Crores, but net profit dropped to 408 Rs. Crores and EPS decreased to 6.51 Rs. In Sep 2024, sales fell to 4,539 Rs. Crores, with a further drop in net profit to 268 Rs. Crores and EPS to 4.28 Rs. 

Here’s the table focusing on the quarters Mar 2024, Jun 2024, and Sep 2024 along with the respective particulars:

About Havells India 

Havells India is a major electrical equipment company based in Noida, India. Founded in 1958 by Qimat Rai Gupta, it has grown into a global brand known for its high-quality products. Havells makes a wide range of items, including home appliances, lighting, fans, and electrical equipment like cables and motors. The company operates 11 manufacturing plants across India and has offices in over 50 countries, employing around 6,000 people.

Havells is also known for acquiring other companies to expand its reach, including the European lighting company Sylvania and the consumer durables business of Lloyd Electricals. It owns several popular brands, such as Havells, Lloyd, and Crabtree. With a strong focus on innovation and quality, Havells has become a trusted name in electrical goods, making everyday life easier for people all around the world.