Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company’s revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24.
The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15.
Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25. This is a 3% decline from the net profit of Rs 287.91 crore reported in the corresponding quarter (Q3) of the previous financial year (FY24).
Havells also saw a rise in its total expenditure, which reached Rs 4,575.97 crore in Q3FY25. This is 12% higher than the expenditure of Rs 4,079.02 reported by the company in Q3FY24.
The company also announced an interim dividend of Rs 4 per equity share. This will be paid to the shareholders of the company by the record date of January 22. The dividend will be paid to the eligible shareholders of the company on or before February 14.
Havells also saw a rise in its total expenditure, which reached Rs 4,575.97 crore in Q3FY25. This is 12% higher than the expenditure of Rs 4,079.02 reported by the company in Q3FY24.
The company also announced an interim dividend of Rs 4 per equity share. This will be paid to the shareholders of the company as on the record date of January 22. The dividend will be paid to the eligible shareholders of the company on or before February 14.