Havells India Q4 Profit Falls To Rs 207 crore

Havells India shares fell 3 percent intraday on May 31 after the company reported a decline in its Q4 profits YoY. The stock was quoting at Rs 714, down Rs 16, or 2.19 percent on the BSE, the stock has shed more than 8 percent in the last month. The demand slowdown and delayed summer impacted Lloyd business that resulted in weak earnings.
The electrical equipment maker, on May 29, showed a 8.4 percent year-on-year decline in profit at Rs 206.83 crore as operating income plunged nearly 10 percent to Rs 322.9 crore with margin contraction of 238 bps after 35.2 percent increase in employee benefits expenses.

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