Havells India reported a net profit of Rs 278 crore for Q3FY25, reflecting a 3% decline compared to Rs 287.91 crore in the same quarter of the previous financial year (Q3FY24). However, the company’s revenue from operations increased by 10%, rising to Rs 4,888.98 crore in Q3FY25 from Rs 4,413.86 crore in Q3FY24.
Total expenses also saw an increase, reaching Rs 4,575.97 crore in Q3FY25, a 12% rise from Rs 4,079.02 crore in the same period last year. Havells declared an interim dividend of Rs 4 per equity share, which will be paid to eligible shareholders as of the record date, January 22. The dividend will be distributed on or before February 14.
The company has been increasing its investments in marketing, hiring, and expanding research and development efforts, as well as improving retail distribution networks. It continues to invest in its home appliances brand, Lloyd, which it acquired in 2017, to diversify into larger household products like refrigerators and televisions, as well as strengthen its brand presence, according to analysts.
Additionally, Havells announced that it has fully settled its insurance claim for property, plant, and equipment losses incurred in a fire at its Neemrana plant in Rajasthan in July 2022. The company received Rs 32.84 crore, which represents the reinstatement value of the affected assets, against the Rs 15.79 crore claim recoverable as of March 31, 2024. The fire did not result in any loss of life, and all assets were insured.
Havells India Limited is a leading Indian electrical equipment company specializing in a diverse range of products, including lighting, fans, switches, cables, home appliances, and industrial solutions. Founded in 1958 and headquartered in Noida, Uttar Pradesh, Havells is known for its innovative, energy-efficient, and high-quality offerings that cater to both residential and commercial markets.
The company has an extensive distribution network, backed by a robust presence in India and global markets. With a strong focus on technology and sustainability, Havells has established itself as a trusted brand in electrical and consumer goods. Its customer-centric approach, modern manufacturing facilities, and commitment to innovation have solidified its reputation as one of India’s most reliable and respected companies in the sector.
