Summary of Financial Performance for Q1, FY 2008-09

Record 21st consecutive quarter of profitable performance

• Net Revenue for the quarter stood at Rs.553.39 Crores. The consolidated Net Revenue for the quarter stood at Rs.1404.23Crores.
• Profit After Tax for the quarter at Rs.40.73Crores. The consolidated Profit After Tax for the quarter stood at Rs.49.63Crores.
• PBDIT at Rs.55.60 Crores. Consolidated PBDIT at Rs.107.90 Crores.

Other Highlights:

• Accelerated its Marketing and branding activities .
• Company launches India's first eco friendly green CFL
• Company opens its 14th Exclusive showroom "Havells Galaxy"
• Expands infrastructure in across India,opens new office in Kolkota, Lucknow , Mumbai,Pune.
• Expands Product range in Lighting, Domestic & Industrial Switchgear & Fans.

Highlights

Havells India Limited today announced its results for Q1FY2008-09.

Reflecting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said:

“We are undeterred by the overall market conditions. This clearly gets reflected in the first quarter performance wherein we have shown a consistent all round growth across the business and geographic segments.

We would continue to evolve newer ways to improve overall efficiencies for better productivity and margins to address the emerging situations in the market environment and deliver value to the stakeholders across the categories.”

Comparison -Corresponding Quarter- June 2008 v/s June 2007

Rs. in Crores

Q1FY2009 v/s Q1 FY2008

Net Revenue during the quarter increased by 17% to Rs. 553.39Crores as against Rs.474.04 Crores during the corresponding quarter of the previous year. The Profit After Tax increased by 28% to Rs.40.73 Crores in the present quarter as against Rs. 31.59Crores reported in the corresponding quarter of the previous year.

The Profit before depreciation, interest and tax (PBDIT) increased by 28% to Rs.55.60 Crores as compared to Rs.43.54  Crores. The Profit Before Tax was up by 28% to Rs. 47.02Crores compared to Rs.36.94 Crores.

The performance of the switchgear sales showed a growth of 11% to Rs.147.14 crores from Rs. 132.81Crores achieved in the corresponding quarter of the previous year. The cable & wire business segment showed a growth of 26% with Rs. 252.93Crores as against Rs. 200.89Crores. 11% increase in lighting and fixtures segment to Rs.62.64 Crores as against Rs.56.54 Crores. 17% growth in Electrical consumer durables with revenue of Rs 77.41Crores as against Rs.66.34 Crores in the corresponding quarter of the previous year.

About Havells India Limited:

Havells India Ltd, a US$1.2bn company, and one the largest & fastest growing electrical and power distribution equipment company, manufacturing products ranging from building circuit protection, Industrial & Domestic switchgear, cables, energy meters, fans, CFL lamps, Luminaires for domestic, commercial & Industrial application and modular switches.

Havells owns some of the prestigious global brands like Crabtree*, Sylvania, Concord, Lumiance, Claude, Linolite, SLI Lighting & Zenith.

With 91 branch / representative office and over 8000 professionals spread over 50 countries across the globe, the group has achieved rapid success in the past few years. Its 18 state-of-the-art manufacturing plants spread over India, Europe, Latin America & Africa churn out globally acclaimed products. Havells India Ltd is a name synonymous with excellence and expertise in the electrical industry. Its 20000 strong global distribution network is always ready to service  its clients.

The company has acquired a number of International certifications, like CSA, KEMA, CB, CE, ASTA, CPA, SEMKO, SIRIUM (Malaysia), SPRING (Singapore), TSE  (Turkey), SNI (Indonesia) and EDD (Bahrain) for various products. Today Havells and its brands have emerged as the preferred choice for a discerning range of individual and industrial consumers both in India and abroad.

The essence of its success lies in the expertise of a fine team of professionals, strong relationship with associate, the ability to adapt quickly and efficiently and ably supported with the vision to think ahead.
*India Region

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