Stocks

Havells India shares tumble 14 per cent after Q2 earnings

PTI New Delhi | Updated on October 21, 2021

The company reported a 7 per cent decline in consolidated net profit for the quarter ended September 30

Shares of consumer electrical goods maker Havells India on Thursday tumbled 14 per cent after the company reported a 7.34 per cent decline in its consolidated net profit for the quarter ended on September 30, 2021.

The stock tanked 9.99 per cent to Rs 1,264.85 on the BSE. On the NSE, it tumbled 13.96 per cent to Rs 1,210.30.

Havells India on Wednesday reported a 7.34 per cent decline in its consolidated net profit to Rs 302.39 crore for the quarter ended September 30, 2021, compared to Rs 326.36 crore in the year-ago quarter.

Its revenue from operations rose by 31.65 per cent to Rs 3,238.04 crore during the period under review, as against Rs 2,459.49 crore in the corresponding period of the last fiscal.

Published on October 21, 2021

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