Havells India Q3 meets forecast, profit up 20% to Rs 94.6cr

Electrical power distribution equipment company Havells India 's net profit grew by 19.74 percent year-on-year to Rs 94.6 crore in third quarter of financial year 2012-13.

Total income rose by 18 percent to Rs 1,058.4 crore from Rs 896.2 crore during the same period.

Numbers were in-line with expectations. Analysts on an average were expecting net profit at Rs 92 crore on total income of Rs 1,055 crore for the quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 19.5 percent YoY to Rs 136.2 crore and operating profit margin improved 20 basis points YoY to 12.9 percent in October-December quarter.

Shares fell 1.29 percent to Rs 656.25 amid large volumes on Bombay Stock Exchange at 14:24 hours IST.

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