Havells India surges after Q2 PAT rises 45%

Standalone net profit in Q2 rises 45% to Rs 125.72 crore

Shares of Havells India surged nearly 8% to Rs 753 after the company annouced 45% growth in standalone profit to Rs 125.72 crore for the second quarter ended September 30, 2013.

The company had posted a net profit of Rs 86.97 crore in the corresponding second quarter last fiscal.

Total Income from operations for the quarter under review stood at Rs 1,173.95 crore up 22% compared with Rs 964.22 crore in the quarter ended September 30, 2012.

Segment-wise, income from Switchgears was Rs 313.52 crore, from Cables Rs 487.38 crore, Lighting & Fixtures Rs 179.79 crore and Electrical Consumer Durables Rs 193.26 crore for the second quarter.

Over 1.1 million shares were trade on both the stock exchanges so far.