Havells India profit rises to Rs 95 cr

Havells India posted a standalone net profit of Rs 95 crore, up 20 per cent for the quarter ended December 2012 compared with Rs 79 crore in the corresponding period of the previous fiscal. Standalone net income stood at Rs 1,058 crore, up 18 per cent compared with Rs 896 crore in the corresponding quarter in the previous fiscal. Anil Rai Gupta, Joint Managing Director, Havells India Ltd, said, “The growth momentum has continued in the current quarter and this has been in line with our targets. It is also reflective of several initiatives undertaken in the last nine months which include enhancing our footprint in the domestic market and expanding our product portfolio.”