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Havells India Limited on Monday reported a 41.27 per cent rise in consolidated net profit at Rs 89 crore for the third quarter ended December 2011. The company had posted a net profit of Rs 63 crore in the corresponding quarter last fiscal.
During the quarter, consolidated net revenue grew by 16.41 per cent to Rs 1,660 crore against Rs 1,426 crore in the year-ago period.
Switchgear sales grew 15 per cent to Rs 226 crore during the period under review from Rs 196 crore in the year-ago period, the company said in a statement.
“The cable and wire business segment showed a growth of 29 per cent to Rs 391 crore against Rs 304 crore. Lighting and fixtures segment registered revenue of Rs 145 crore as against Rs 113 crore, showing a growth of 28 per cent,” the statement added.
The company's electrical consumer durables business revenue grew 35 per cent to Rs 135 crore against Rs 100 crore in the corresponding quarter of the previous year.
Havells India's shares closed at Rs 443.50 apiece on the BSE, up 3.42 per cent from the previous close.
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