Comments
Electrical equipment maker Havells India on Wednesday said its net profit rose by 21.33 per cent to Rs 91 crore for the fourth quarter ended March 31, 2012.
The company had posted a net profit of Rs 75 crore during the same period of previous fiscal.
The company said it has planned a capital expenditure of Rs 100 crore in the current financial year.
“We plan to invest Rs 100 crore on capex in 2012—13 on all existing product categories,” Havells (India) Joint Managing Director, Mr Anil Gupta said.
He added that the company was looking at a growth rate of 15—20 per cent in the ongoing financial year.
Net sales of the company stood at Rs 1,046 crore for the fourth quarter as against Rs 863 crore in the corresponding period of previous fiscal.
For the year ended March 31, 2012, the company posted a net profit of Rs 305 crore, as compared to Rs 261 crore during 2010—11
The company’s net sales for the year ended March 31, 2012 stood at Rs 3,616 crore as against Rs 2,966 crore in the previous fiscal.
The company recommended a dividend of Rs 6.50 per equity share of Rs 5 each (130 per cent) for the financial year 2011—12.
Shares of Havells India closed at Rs 546.65 on the BSE down 6.97 per cent from its previous close.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.