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Buoyed by a strong top line growth, electrical equipment maker Havells India Ltd reported a 5 per cent increase in net profit for the quarter ended March 31, 2011 at Rs 69.04 crore.
Total income during the quarter was up 24 per cent at Rs 845.36 crore, Havells India said in a filing to the Bombay Stock Exchange (BSE). The firm said its board, at its meeting held on Friday, has recommended 50 per cent dividend for the financial year 2010-11 at Rs 2.50 an equity share of Rs 5 each. For the fiscal ended March 31, 2011, net profits were up over 6 per cent at Rs 242.05 crore on a 22 per cent jump in net sales at Rs.2,882 crore.
Havells India's shares ended at Rs 398.75 on the BSE, up 3.53 per cent.
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