Havells Q4 net jumps 3-fold to Rs 366 cr

New Delhi: Electrical goods maker Havells India reported three-fold jump in standalone net profit at Rs 366.49 crore for the quarter ended March on account of revenue and profitability growth. The company had posted a net profit of Rs 121.85 crore in the January-March period a year ago, Havells said in a BSE filing. Its net sales on standalone basis rose by 9.23% to Rs 1,463.36 crore. “The performance in March quarter underlines an encouraging trend of positive revenue and profitability growth. We have implemented several structural decisions which should support growth going forward as well,” Havells India CMD Anil Rai Gupta said.   Revenue from switchgears was up 7.09 per cent to Rs 327.23 crore as against Rs 305.54 crore in the year-ago period. Earnings from cable went up by 7.02 per cent to Rs 609.00 as compared to Rs 569.04 crore.