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Havells India Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by (11.99) % in YoY and increased by 23.29 % in QoQ

May 2, 2024May 2, 2024| adminadmin| 0 Comments| 4:20 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 11.99 % in the past year, substantial increase in net sales/revenue by 23.29 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 62.17 %. Marginal increase in other income during this quarter, up by 35.53%.
  • Profit over the Year and quarter: Significant improvement in profitability for Havells India Limited. Notable increase of 24.76 % in net profit Year to Year, Havells India Limited’s profitability increased by 55.15 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 24.87 % Year to Year. EPS increased by 55.34 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Havells India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 4859.21 Cr Rs. 4413.86 Cr Rs. 5442.02 Cr + 23.29 % + 11.99 %
Expenses Rs. 4332.06 Cr Rs. 3981.16 Cr Rs. 4807.42 Cr + 20.75 % + 10.97 %
Operating Profit Rs. 527.15 Cr Rs. 432.7 Cr Rs. 634.6 Cr + 46.66 % + 20.38 %
OPM % 10.85 % 9.8 % 11.66 % + 1.86 % + 0.81 %
Other Income Rs. 46.71 Cr Rs. 55.89 Cr Rs. 75.75 Cr + 35.53 % + 62.17 %
Interest Rs. 9.75 Cr Rs. 10.2 Cr Rs. 17.71 Cr + 73.63 % + 81.64 %
Depreciation Rs. 77.42 Cr Rs. 87.66 Cr Rs. 93.37 Cr + 6.51 % + 20.6 %
Profit before tax Rs. 486.69 Cr Rs. 390.73 Cr Rs. 599.27 Cr + 53.37 % + 23.13 %
Tax % 26.43 % 26.31 % 25.46 % -0.85 % -0.97 %
Net Profit Rs. 358.04 Cr Rs. 287.91 Cr Rs. 446.7 Cr + 55.15 % + 24.76 %
EPS in Rs Rs. 5.71 Rs. 4.59 Rs. 7.13 + 55.34 % + 24.87 %


Today, we’re looking at Havells India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.99 %. However, it did see a marginal increase of 23.29 % from the previous quarter. Expenses ticked up slightly by 20.75 % quarter-on-quarter, aligning with the annual rise of 10.97 %. Operating profit, while up 20.38 % compared to last year, faced a quarter-on-quarter increase of 46.66 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.81 %, but an expansion of 1.86 % sequentially. Other income rose by 35.53 % compared to the last quarter, despite an annual growth of 62.17 %. Interest expenses surged remarkably by 73.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 81.64 %. Depreciation costs climbed by 6.51 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.6 %. Profit before tax grew annually by 23.13 % but saw an increase from the preceding quarter by 53.37 %.
Tax expenses as a percentage of profits decreased slightly by -0.97 % compared to last year, with a more notable quarter-on-quarter decrease of -0.85 %. Net profit rose by 24.76 % year-on-year but experienced a 55.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 24.87 % but a quarterly rise of 55.34 %. In summary, Havells India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 4859.21 Cr Rs. 4413.86 Cr Rs. 5442.02 Cr + 23.29 % + 11.99 %
Expenses Rs. 4332.06 Cr Rs. 3981.16 Cr Rs. 4807.42 Cr + 20.75 % + 10.97 %
Operating Profit Rs. 527.15 Cr Rs. 432.7 Cr Rs. 634.6 Cr + 46.66 % + 20.38 %
Net Profit Rs. 358.04 Cr Rs. 287.91 Cr Rs. 446.7 Cr + 55.15 % + 24.76 %
EPS in Rs Rs. 5.71 Rs. 4.59 Rs. 7.13 + 55.34 % + 24.87 %


In reviewing Havells India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.99 % year-on-year growth, however, there was a minor increase of 23.29 % from the previous quarter. Expenses rose by 10.97 % compared to the previous year, with a 20.75 % increase quarter-on-quarter. Operating Profit surged by 20.38 % annually, and saw a 46.66 % increase from the last quarter.
Net Profit showed yearly increase of 24.76 %, and experienced a 55.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 24.87 % annually, however rose by 55.34 % compared to the last quarter. In essence, while Havells India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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