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Havells Q1: Strong sales growth shows effect, company’s profit up 268% in the first quarter

Havells has declared the results for the first quarter of FY 2021-22. For the quarter ended June 30, 2021, the company's profit has increased by 268 percent to Rs 234 crore from Rs 63 crore in the first quarter of last year.

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HAVELLS INDIA Q1: Havells has declared the results for the first quarter of FY 2021-22. For the quarter ended June 30, 2021, the company’s profit has increased by 268 percent to Rs 234 crore from Rs 63 crore in the first quarter of last year. At the same time, the income has also increased by 76 percent to Rs 2598 crore from Rs 1479 crore on an annual basis.

During this period, the EBITDA of the company has increased to Rs 353 crore from Rs 131 crore in the first quarter of last year. At the same time, the EBITDA margin has increased from 8.8% to 13.5%. Let us tell you that on the results of the June quarter of last year, Corona had a very bad effect due to the lockdown implemented across the country.

The company has said in its investor presentation that with the decrease in the cases of COVID-19, all offices have opened with rotational work from home following safety protocols. The company has also said that it is giving priority to the vaccination of its staff and workers.

The company has said that despite the local lockdown and different market timings, there is an increase in demand. The effect of the second wave of Corona has been seen in the first quarter. The company’s performance on a year-on-year basis has seen a big jump due to the lower base.

The company has also said that the company has been affected by the increase in commodity and raw material prices, due to which the price of the company’s products has to be increased.

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