Home appliance manufacturer Havells on Thursday reported net profit declined by 7.2 per cent to ₹283.54 crore for the December 2022 quarter. This is against a net profit of ₹305.92 crore in the year-ago period, Havells said in a regulatory filing. The revenue from operations of Havells grew by 12.8 per cent to ₹4,119.71 crore in the quarter under review from ₹3,652.25 crore a year ago.
On the sequential basis, net profit rose by 51.7 per cent as Havells had reported a net profit of ₹186.81 crore in the September quarter. According to the filing, the company’s reported a total segment revenue of ₹4119.71 crore, led by its cables segment, which accounted for ₹1,412.14 crore. The company’s board recommended a declared an interim dividend of Rs. 3 per equity share of ₹1.