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Quarter 2 Results 2004-05


Havells INDIA LIMITED
Regd. Office : 1/7, Ram Kishore Road, Civil Lines, Delhi 110 054
Corporate Off.: E-1, Sector - 59, Noida - 201 307

UNAUDITED LIMITED REVIEWED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR  ENDED
SEPTEMBER 30, 2004
(Rs. in crores)
Particulars Quarter Ended Half Year Ended Year ended
  30-Sep-04 30-Sep-03 30-Sep-04 30-Sep-03
31-Mar-04
 

(Unaudited)

(Unaudited)

 (Audited)
Gross Sales 159.16 100.17
291.26
 182.72
419.22
Excise Duty 20.93 13.89
36.99
 24.92
56.28
Net Sales 138.23 86.28
254.27
 157.80
362.94
Other Income 1.34 1.05
1.94
 2.24
7.60
Total Income 139.57 87.33
256.21
 160.04
370.54
Total Expenditure 126.57 76.35
231.22
 140.81
325.82
a) Increase/Decrease in Stock in trade -9.61 -2.37
-19.22
 -3.47
-14.23
b) Consumption of raw material 90.18 49.27
164.96
 91.49
217.35
c) Staff Cost 5.94 4.05
11.26
 7.67
16.67
d) Other expenditure 40.06 25.40
74.22
 45.12
106.03
Interest 2.85 2.99
5.54
 5.80
11.97
Depreciation 0.91 0.66
1.71
 1.29
2.64
Profit before taxation

9.24

7.33
17.74
12.14
30.11
Provision  for  Taxation        
- Income Tax 3.07 2.72 6.24 4.30 9.56
- Deferred Tax 0.45 0.05 0.46 0.20 -0.41
Net Profit

5.72

4.56
11.04
7.64
 20.96
Paid up Capital 5.80 5.80
5.80
 5.80
5.80
Reserves --- ---
---
---
53.57
(excluding revaluation reserves)    
 
  
Basic and Diluted E.P.S. for the period (not annualised) (in Rs.) (face value of Rs.5/- each) 4.94 3.93
9.52
 6.59
18.07
Aggregate of non-promoter shareholding          
a) No. of shares ( face value of Rs. 5/-each) 3507440 3437000 3507440 3437000 3507440
b) Percentage of shareholding 30.26 29.65 30.26 29.65 30.26
 
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. in crores)
Particulars Quarter Ended Half Year Ended Year ended
  30-Sep-04 30-Sep-03 30-Sep-04 30-Sep-03 31-Mar-04
 

(Unaudited)

 (Unaudited) (Audited)
Segment Revenue (Incl.Other Income)          
a) Switchgear 58.76 40.14 106.68 73.43 159.71
b) Meters 2.13 18.98 5.72 34.05 60.09
b) Cable & Wire 73.45 40.61 130.04 75.68 176.17
c) Electrical Consumer Durables 28.16 0.91 52.91 0.91 26.06
d) Others 0.74 1.01 1.15 2.05 6.58
Total

163.24

101.65
296.50
186.12
428.61
Less : Inter Segment Revenue 2.74 0.43 3.30 1.16 1.79
Sales/ Income from Operations

160.50

101.22
293.20
184.96
426.82
Segment Results
(Profit(+)/Loss(-) before Tax and Interest from each Segment) 		         
a) Switchgear 16.44 9.86 30.26 18.55 40.44
b) Meters -1.78 6.25 -0.92 8.20 9.44
b) Cable & Wire 7.36 4.61 12.88 9.33 21.11
c) Electrical Consumer Durables 5.38 -0.41 8.76 -0.41 2.83
Total

27.40

20.31
50.98
35.67
73.82
Less:
(i) Interest		 2.85 2.99 5.54 5.80 11.97
(ii) Other un-allocable expenditure net of un-allocable income 15.31 9.99 27.70 17.73 31.74
Total Profit before Tax

9.24

7.33
17.74
12.14
30.11
Capital Employed (Segment assets - Segment liabilities)          
a) Switchgear 87.84 44.71 87.84 44.71 66.28
b) Meters 23.35 49.44 23.35 49.44 29.21
c) Cable & Wire 57.28 47.12 57.28 47.12 47.96
d) Electrical Consumer Durables 42.54 8.10 42.54 8.10 18.61
e) Others 3.14 20.15 3.14 20.15 3.39
Total

214.15

169.52
214.15
169.52
165.45
Notes:
1. The figures of the previous year/ period have been regrouped and adjusted wherever required to make it comparable with corresponding current year / period.

2. Information on investors grievance for the Quarter (In Nos.) : Opening Balance - 0, New - 3, Disposal - 3, Closing Balance - 0.

3. These results are limited reviewed by the Auditors of the Company. Limited Review Report has also been taken on record at the Board Meeting.

4. The above results were taken on record in the meeting of the Board of Directors held on
    October 30, 2004
By Order of the Board
For Havells India Limited
 
Noida, October 30, 2004 Qimat Rai Gupta
Chairman Cum Managing Director