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New Delhi, July 23

Power distribution equipment maker Havell’s India on Monday reported a 40 per cent jump in net profit at Rs 31.60 crore for the quarter ended June 30 compared with Rs 22.57 crore during the corresponding period last fiscal. Net revenue rose to Rs 474.10 crore, up 39 per cent from Rs 341.07 crore in the corresponding quarter last fiscal, Havell’s India said in a statement. “Profits are driven by the aggressive marketing and increased consumption in each se gment,” said Chief Financial Officer, Mr Rajesh Gupta. The company had acquired SLI Sylvania’s lighting equipment making business for $300 million (about Rs 12,000 crore) in March. —

Our Bureau

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