Stocks

Havells India's shares zoom over 12 per cent on strong quarterly earnings

PTI Mumbai | Updated on January 21, 2021

Shares of Havells India Ltd on Thursday soared over 12 per cent during the late morning trade after the company posted a 74.52 per cent jump in its consolidated net profit at Rs 350.14 crore for the third quarter ended on December 2020.

On the BSE, the scrip was trading at its 52-week high of ₹1,144.1, up 12.18 per cent.

On the NSE, the stock jumped to its 52-week high of ₹1,144, gaining 12.14 per cent.

The consumer electrical goods maker had posted a consolidated net profit of ₹ 200.62 crore in the October-December quarter a year ago, Havells said in a regulatory filing on Wednesday.

Its revenue from operations was up 39.67 per cent at ₹ 3,175.20 crore during the period under review as against ₹ 2,273.29 crore in the corresponding period last fiscal, the company said.

Published on January 21, 2021

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