Havells India Limited has announced that its Board of Directors will convene on January 16, 2025, to review and approve the standalone and consolidated unaudited financial results for the third quarter and nine months ending December 31, 2024. The meeting will also include deliberations on the declaration of an interim dividend for its shareholders.
The company, adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has informed stock exchanges about this significant update. The trading window for insiders, as per the company’s Code of Conduct, has been closed since January 1, 2025, and will remain shut until 48 hours post the Board meeting, i.e., January 18, 2025.
Havells India Q2 Results Highlight: Quarterly Financial Performance
(All figures in crores except per share values)
| Fiscal Period | Sep 24 | Jun 23 | QoQ Comp (%) | Sep 23 | YoY Comp (%) |
|---|---|---|---|---|---|
| Total Revenue | 4,539.31 | 4,833.80 | -6.1% | 3,900.33 | 16.4% |
| Selling/ General/ Admin Expenses Total | 595.26 | 491.30 | 21.2% | 462.96 | 28.6% |
| Depreciation/ Amortization | 94.62 | 76.29 | 24.0% | 81.18 | 16.6% |
| Other Operating Expenses Total | 533.41 | 573.58 | -7.0% | 463.63 | 15.1% |
| Total Operating Expense | 4,258.86 | 4,508.12 | -5.5% | 3,608.16 | 18.0% |
| Operating Income | 280.45 | 325.68 | -13.9% | 292.17 | -4.0% |
| Net Income Before Taxes | 363.26 | 382.05 | -4.9% | 335.32 | 8.3% |
| Net Income | 268.23 | 287.07 | -6.6% | 249.08 | 7.7% |
| Diluted Normalized EPS | 4.61 | 4.59 | 0.4% | 3.95 | 16.6% |
Investors and market participants are keenly watching Havells India’s performance, especially given its prominent position in the consumer electronics and electrical appliances sector. The announcement of an interim dividend could further enhance shareholder value.
