Havells India surges 6%, hits new high on strong December quarter results

The company said the supply chain disruption faced by suppliers with high import dependence has further supported market share gains

Shares of Havells India hit a new high of Rs 1,086 on Thursday after rallying 6 per cent on the BSE in early morning trade after the company reported a strong set of numbers for the quarter ended December 2020 (Q3FY21). Havells India's standalone net profit for Q3FY21 jumped 75 per cent year on year (YoY) at Rs 349 crore, on the back of strong revenue growth.

The company’s revenue during the quarter increased by 40 per cent YoY at Rs 3,166 crore. Ebitda (earnings before interest, taxes, depreciation, and amortization) margins expanded by 420 basis points (bps) at