Shares of Havells India Ltd were trading in the green and 3% higher on 17 January after the company announced its quarterly earnings for the quarter ended 31 December. 

Despite a strong 10% year-on-year increase in revenue during the quarter, the company reported a 3% YoY decline in net profit to Rs 278 crore for the quarter under review compared to Rs 287.91 crore reported in the same quarter of the previous fiscal year. 

Moreover, the revenue from operations of the company stood at Rs 4,888.98 crore, marking a 10% YoY increase from Rs 4,413.86 crore reported in the same quarter of the last fiscal year. 

The company’s total expense also grew 12% YoY to Rs 4,575.97 crore against Rs 4,079.02 crore expenses incurred during the same quarter of the last financial year. 

The company has also declared an interim dividend of Rs 4 per equity share and has set 22 January as the record date. The dividend will be paid to its shareholders on or before 14 February. 

At 1:16 pm, the shares of Havells India were trading 1.75% higher at Rs 1,585.60 on NSE. 

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