Havells Surges Over 10%, Hits Record High After Profit Rises 75% In Q3
Havells revenue from operations rose 39 per cent to Rs 3,165.85 crore from Rs 2,269.87 crore.
Updated: January 21, 2021 11:28 am IST
Shares of electrical products maker - Havells - rose as much as 11.75 per cent to hit record high of Rs 1,141 on the BSE after it reported December quarter earnings post market hours on Thursday. The Noida-based company's net profit in October-December period rose 75 per cent to Rs 349 crore compared to Rs 199 crore during the same quarter last year. Its revenue from operations rose 39 per cent to Rs 3,165.85 crore from Rs 2,269.87 crore.
The company during the quarter declared an interim dividend of Rs 3 per equity share of face value of Rs 1 each that is 300 per cent of the equity share capital of the company.