Electrical goods maker Havells India on Wednesday reported a 28.32 per cent increase in its standalone net profit at Rs. 121.47 crore for the third quarter ended December 31, 2013. The company had posted a standalone net profit of Rs. 94.66 crore for the same period of the previous fiscal.
Net sales of the company rose to Rs. 1,174 crore for the third quarter, as compared to Rs. 1052 crore during the same period of the previous financial year, Havells India Ltd said in a statement.
India business joint managing director Anil Rai Gupta said growth momentum continued in the current quarter aided by good response for our products across segments. New product launches during this period have also been received well by customers, he added.
"Going ahead, we expect to maintain our leadership position through a strategic mix of new product launches and going deeper into the hinterland by strengthening distribution," Mr Gupta said.
Havells traded 4.3 per cent higher at Rs. 777 during afternoon trade on the BSE.
Net sales of the company rose to Rs. 1,174 crore for the third quarter, as compared to Rs. 1052 crore during the same period of the previous financial year, Havells India Ltd said in a statement.
India business joint managing director Anil Rai Gupta said growth momentum continued in the current quarter aided by good response for our products across segments. New product launches during this period have also been received well by customers, he added.
"Going ahead, we expect to maintain our leadership position through a strategic mix of new product launches and going deeper into the hinterland by strengthening distribution," Mr Gupta said.
Havells traded 4.3 per cent higher at Rs. 777 during afternoon trade on the BSE.
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