HAVELLS INDIA Announces Quarterly Results (3QFY21); Net Profit Up 74.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HAVELLS INDIA Announces Quarterly Results (3QFY21); Net Profit Up 74.2%
Fri, 22 Jan

HAVELLS INDIA has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

HAVELLS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m22,69924,51831,65929.1%39.5%
Other incomeRs m240792392-50.6%63.3%
TurnoverRs m22,93925,31032,05026.6%39.7%
ExpensesRs m20,02520,31126,57830.9%32.7%
Gross profitRs m2,6734,2075,08120.8%90.0%
DepreciationRs m5525916449.0%16.7%
InterestRs m53173152-12.3%188.0%
Profit before taxRs m2,3094,2364,67710.4%102.6%
TaxRs m3059871,18620.2%288.7%
Profit after taxRs m2,0043,2493,4917.5%74.2%
Gross profit margin%11.817.216.0
Effective tax rate%13.223.325.4
Net profit margin%8.712.810.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 39.5% on a year-on-year (YoY) basis. The expenses were up by 32.7% YoY during the same period.
  • The company's operating profit increased by 90.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.0% in 3QFY21 as against 11.8% in 3QFY20.
  • Depreciation charges increased by 16.7% and finance costs increased by 188.0% YoY, respectively.
  • Other income increased by 63.3% YoY during the quarter.
  • Net profit for the quarter increased by 74.2% YoY. Net profit margins during the quarter increased from 8.7% in 3QFY20 to 10.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.9% QoQ during the same period.
  • The company's operating profit increased by 20.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.0% in 3QFY21 as against 17.2% in 2QFY20.
  • Net profit for the quarter increased by 7.5% QoQ, while net profit margins declined from 12.8% in 2QFY20 to 10.9% in 3QFY21.

To see how HAVELLS INDIA has performed over the last eight quarters,please visit here.

FREE Event: Discover Your First Stock for a Potential Rs 7 Crore in Long-term Wealth

HAVELLS INDIA Share Price Performance

Over the last one year, HAVELLS INDIA share price has moved up from Rs 599.9 to Rs 1,125.5, registering a Gain of Rs 525.6 or around 87.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 30,989.8 (down 1.6%). Over the last one year it has moved up from 25,627.9 to 30,989.8, a gain of 5,362 points (up 20.9%).

Overall, the S&P BSE SENSEX is up 18.1% over the year.

Current Valuations

At the current price of Rs 1,125.5, the price to earnings (P/E) ratio of HAVELLS INDIA stands at 76.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.7 times.

Equitymaster requests your view! Post a comment on "HAVELLS INDIA Announces Quarterly Results (3QFY21); Net Profit Up 74.2%". Click here!

  

Related Views on News

HAVELLS IND Announces Quarterly Results (2QFY21); Net Profit Up 79.1% (Quarterly Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

For the quarter ended September 2020, HAVELLS IND has posted a net profit of Rs 3 bn (up 79.1% YoY). Sales on the other hand came in at Rs 25 bn (up 9.9% YoY). Read on for a complete analysis of HAVELLS IND's quarterly results.

HAVELLS IND Announces Quarterly Results (1QFY21); Net Profit Down 63.6% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, HAVELLS IND has posted a net profit of Rs 633 m (down 63.6% YoY). Sales on the other hand came in at Rs 15 bn (down 45.5% YoY). Read on for a complete analysis of HAVELLS IND's quarterly results.

HAVELLS IND 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of HAVELLS IND for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HAVELLS IND. Also includes updates on the valuation of HAVELLS IND.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

HAVELLS INDIA SHARE PRICE


May 7, 2021 09:45 AM

TRACK HAVELLS INDIA

  • Track your investment in HAVELLS INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

HAVELLS INDIA 8-QTR ANALYSIS

COMPARE HAVELLS INDIA WITH

MARKET STATS