HAVELLS

Leading electrical goods and appliances maker Havells India on Tuesday said it has entered into a commercial agreement with Swedish tech startup Blixt Tech AB to introduce Solid State Circuit Breaker (SSCB) technology in the domestic market. By introducing SSCB, Havells is strengthening its position in the switchgear segment. It also highlights Havells' focus on innovative and future-ready solutions, said a joint statement. "With this association, Havells is positioned to make a significant impact in the Indian electrical industry," it said. India's demand for high-power applications is expected to grow faster in the coming decades, and the power system is projected to become technologically superior, smart, and conducive to IT-enabled data sharing and management technology, said Havells. SSCBs have the ability to interrupt current flow much faster than traditional mechanical circuit breakers and there is no wear and tear due to digital switching with practically no arc unlike ...

The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said

Havells India Ltd on Wednesday reported a 38.15 per cent decline in its consolidated net profit to Rs 187.01 crore for the second quarter ended on September 30, 2022, as commodity inflation hit its margins. The consumer electrical goods maker company had posted a consolidated net profit of Rs 302.39 crore in the July-September quarter a year ago, Havells said in a regulatory filing. Havells' revenue from operations rose by 13.63 per cent to Rs 3,679.49 crore during the period under review as against Rs 3,238.04 crore in the corresponding period last fiscal. Its total expenses were at Rs 3,471.57 crore, up 21.10 per cent during the second quarter of FY 2022-23 as against Rs 2,866.54 crore. Havells India Chairman and Managing Director Anil Rai Gupta said: "Decent revenue growth considering the inflationary environment. Margins adversely impacted due to commodity cost fluctuation." "We believe that margins have hit the trough and are expected to improve hereon. The demand outlook rem

Electrical goods and appliance maker Havells on Wednesday said it is planning to expand washing machine production capacity at its Rajasthan's Ghiloth plant, where it will invest Rs 130 crore. This expansion would be financed through internal accruals, said Havells in a regulatory filing. The Ghiloth plant already has the capacity to roll out 3 lakh units per annum and the company plans to add an additional capacity of 3.8 lakh units per annum. The proposed capacity addition would be done by June 30, 2023, it added. Established in 2018, Havells Ghiloth is spread over 2,02,343 square metres and primarily manufactures air conditioners under the brand Lloyd. On Wednesday, Havells said it is now beginning to set up a cable manufacturing unit at Tumakuru in Karnataka for a proposed annual capacity of 3,48,000 kilometer with an estimated investment of Rs 300 crore. "The entire investment will be funded through internal accruals. The production at the proposed unit at Tumakuru is expect

Assets worth Rs 150 crore, which were fully insured, were affected in the massive fire at its Neemrana-based manufacturing unit, said consumer electrical goods manufacturer Havells India. On July 27, a massive fire had broken out at Havells factory at Neemrana in Rajasthan's Alwar district. There was no human loss/injury and the entire building, plant and machinery, and inventories at the Neemrana plant were fully insured, said a regulatory update from Havells India. "The company has now ascertained the book value of the assets affected due to the incident as around Rs 150 crore, which is fully insured," it said. Havells' Neemrana unit is the largest and most automated water heater plant in India. Established in 2004 and spread over 1,94,249 square metres, Havells also manufactures lighting fixtures, CFLs, HID lamps and motors here. For the financial year ended on March 31, 2022, Havells India's revenue was at Rs 13,888.53 crore.

Even as the trend is seen continuing in Q2 before reversing in the second half, analysts are positive on the company

Havells India Ltd on Wednesday reported an increase of 3.13 per cent in consolidated net profit to Rs 243.16 crore for the June quarter as margins were impacted due to commodity cost fluctuation.

Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.

There will be no respite from inflationary pressure on raw material and supply chain costs in the near term, and this could create pressure on the customer's wallet, Havells India CMD Anil Gupta said.

Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.

Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01% increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022

The index closed at 16,245 on Friday, down 11 per cent over its 2022 peak of 18,308

The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement

The company had posted a consolidated net profit of Rs 350.14 crore in the October-December quarter a year ago

Demand recovery, however, has been strong which could help partially offset cost inflation

Demand recovery may help both companies post improved show in the coming quarters

Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains

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Consumer electrical goods maker Havells India on Thursday reported 70.95 per cent rise in consolidated net profit at Rs 303.83 crore for the fourth quarter ended March 31, 2021.

Despite the correction on Monday, analysts are positive on the stock given multiple triggers