Revenue Growth: Havells reported an 11% year-over-year (YoY) increase in revenue from operations for Q3 FY25, reaching โน4,882.5 crore. Growth was 16% during Q2_fy25.
Profit and Margins: Profit for the period was โน282.81 crore, a slight decline compared to โน287.87 crore in Q3 FY24. The profit before tax was โน382.19 crore, down slightly from โน390.69 crore YoY. Earnings per share (EPS) stood at โน4.51.
Dividend ๐ธ: The Board of Directors declared an interim dividend of โน4.00 per equity share.
Switchgears โก: Revenue from the switchgears segment increased by 10.8% YoY to โน576.88 crore.
Cables ๐งถ: Cable segment revenue saw a 7.3% increase YoY to โน1,687.87 crore.
Lighting & Fixtures ๐ก: This segment grew by 2.5% YoY, generating โน440.90 crore in revenue.
Electrical Consumer Durables ๐ : Revenue increased by 14.9% YoY to โน1,104.28 crore.
Lloyd Consumer ๐บ: Notably improved, with revenue up by 14.7% YoY to โน741.76 crore.
Profit Margins ๐น: Q3 FY25 profit margin was slightly reduced to 5.8% of net revenue compared to 6.5% in Q3 FY24.
Operating Profit Margin (OPM) ๐: Stood at 8.8%, down from 9.8% YoY.
Return on Equity (ROE) ๐ and Return on Capital Employed (ROCE) ๐: ROE was 18.4%, and ROCE was 25.3%, indicating solid returns.
Trail EPS ๐ and F_PE ๐: Trail EPS comes at 70 & F_PE comes at 81 which are high in relation to earning growth.
Near Term ๐: Havells is likely to benefit from the continued robust demand in infrastructure and industrial sectors. However, commodity price fluctuations and increased competition might pose challenges.
Long Term ๐: With strategic expansions like the Tumkur plant and consistent growth in major segments, Havells is well-positioned to leverage market opportunities. Continual product innovation and expansion in consumer durables indicate a promising long-term growth trajectory.
Havells has demonstrated Cooled off in revenue growth and decreased profitability due to decreased margin. The company continues to strengthen its market presence across various segments, which should bode well for its future financial performance.