Electrical equipment maker Havells India today reported 19.84 per cent increase in its net profit for the fourth quarter ended March 31, 2013 at Rs 109.68 crore.

The company had posted net profit of Rs 91.52 crore in the same period of the previous fiscal, Havells India said in a filing to the BSE.

Net income from operations stood at Rs 1,169.6 crore during the period under review, as against Rs 1,046.68 crore.

During the quarter, switchgears business had a revenue of Rs 311.79 crore as compared to Rs 237.56 crore in the year-ago period. Sales from cable segment were at Rs 461.96 crore as against Rs 476.66 crore in the same period previous fiscal, the company said.

Commenting on the financial performance, Havells (India) Joint Managing Director Anil Rai Gupta, said: “The results are in line with expectations despite challenging economic conditions, particularly in Europe. A robust growth in distribution network and new product launches in small domestic appliances have contributed to our performance.”

He said the company continued to aggressively promote its range of products across all markets and was confident of maintaining growth trends during the current year.

For the year 2012-13, the company said its net profit stood at Rs 581.4 crore, which included one-time exceptional item of Rs 194 crore as compared to Rs 369.92 crore in FY 2012.

Total income grew by 11 per cent to Rs 7,247.89 crore as compared to Rs 6,518.20 crore in the previous fiscal, it added.

Shares of Havells India ended at Rs 719.15 per scrip on the BSE, up 3.01 per cent from the previous close.

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