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Havells India shares jump nearly 6% after Q3 results

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Press Trust of India New Delhi
Last Updated : Jan 23 2018 | 11:50 AM IST
Shares of consumer electrical goods maker Havells India today rose nearly 6 per cent after the company reported a standalone net profit at Rs 194.36 crore for the quarter ended December 2017.
The stock jumped 5.80 per cent to Rs 584.20 -- its one- year high -- on BSE.
At NSE, shares of the company went up by 5.81 per cent to touch its 52-week high of Rs 584.80.
The company had posted a net profit at Rs 152.97 crore during the October-December quarter of the previous fiscal, Havells India said in a regulatory filing yesterday.
Total income during the quarter under review stood at Rs 1,993.53 crore. It was Rs 1,650.68 crore in the year-ago period.
The company said the results are not comparable with previous period as it had acquired consumer durable business of LEEL Electricals Ltd in May last year.

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First Published: Jan 23 2018 | 11:50 AM IST

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