Electrical equipment maker Havells India today said its net profit rose by 21.33% to Rs 91 crore for the fourth quarter ended March 31, 2012.
The company had posted a net profit of Rs 75 crore during the same period of previous fiscal.
The company, which makes products like fans and electrical motors, said it has planned a capital expenditure of Rs 100 crore in the current financial year.
"We plan to invest Rs 100 crore on capex in 2012-13 on all existing product categories," Havells (India) Joint Managing Director Anil Gupta said.
He added that the company was looking at a growth rate of 15-20% in the ongoing financial year.
Net sales of the company stood at Rs 1,046 crore for the fourth quarter as against Rs 863 crore in the corresponding period of previous fiscal.
For the year ended March 31, 2012, the company posted a net profit of Rs 305 crore, as compared to Rs 261 crore during 2010-11.
".. We would like to leverage newer growth opportunities in both domestic and international markets. The company would continue with its focus on improving margins and operational efficiencies which will be an important growth enabler," Gupta said.
The company's net sales for the year ended March 31, 2012 stood at Rs 3,616 crore as against Rs 2,966 crore in the previous fiscal.
The company's board, which met today, recommended a dividend of Rs 6.50 per equity share of Rs 5 each (130%) for the financial year 2011-12.
Shares of Havells India were trading at Rs 549 on the BSE in late afternoon trade, down 6.57% from its previous close.