New Delhi: Havells India’s consolidated net profit increased 2.81 percent at Rs 201.22 crore for the third quarter of the ongoing fiscal as compared to Rs 195.72 crore in the corresponding quarter of the previous financial year.
The total income dropped to Rs 2,298.39 crore in the third quarter of the current fiscal as compared to Rs 2,553.85 crore in the corresponding quarter of the previous financial year, the company said in a regulatory filing.
“Switchgear category largely impacted by decline in Industrial switchgear owing to sluggish infrastructure and government driven procurement,” the company said.
Switchgears contributed to 19 percent and cables continued to 36 percent of the revenues of the third quarter of 2019-20 fiscal.