With this, the company had earned a net profit of Rs 63.98 crore in the same quarter of the previous financial year. In a communication to the stock exchanges, the company said that its operating income grew 75.95 per cent to Rs 2,609.97 crore during the quarter as against Rs 1,483.40 crore in the corresponding quarter of the previous fiscal.
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Anil Rai Gupta, Chairman and MD, Havells India, said, “Despite the difficulties, our performance during the quarter across segments was encouraging. Demand is better and we are expecting further improvement with the lifting of curbs related to Kovid-19.
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Havells’ total expenses during the quarter grew 62.86 per cent to Rs 2,327.20 crore as against Rs 1,428.93 crore in the corresponding quarter of the previous fiscal.
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