Thursday, Apr 25 2024 | Time 09:49 Hrs(IST)
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Business Economy


Havells India Q2 to standalone net up by 17.31 percent

Mumbai, Oct 23 (UNI) Consumer electrical goods major, Havells India has reported a rise of 17.31 percent in its standalone net profit at Rs 171.02 crore for the quarter ended September 30, 2017 as compared to net profit of Rs 145.79 crore during the same period a year ago.
The company said the results are not comparable as it had acquired the consumer durables business of Lloyd Electric and Engineering.
The latest figures includes the concerned business, company release said.
Total Standalone Income for the quarter under review rose by 14.11 percent to Rs 1,806.05 crore against Rs 1,591.63 crore in the year-ago period.
Havells India had acquired the consumer durable business of Lloyd Electric and Engineering for an enterprise value of Rs 1,600 crore in February.
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