New Delhi, May 4 (PTI) Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01 per cent increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022.

The company had posted a consolidated net profit of Rs 303.83 crore in the January-March quarter a year ago, Havells said in a regulatory filing.

Also Read | Moto E32 With 5,000mAh Battery Launched in Europe.

Its revenue from operations was up 32.55 per cent to Rs 4,426.26 crore during the period under review as against Rs 3,339.21 crore in the corresponding period last fiscal.

Commenting on the results, Havells India Chairman and Managing Director Anil Rai Gupta said, “Sales momentum was regained in Q4 with encouraging performance across verticals. Sustained inflation impacting the margins, however, expect margins to improve with the calibrated price increase and cost optimization."

Also Read | OnePlus 10 Ultra, OnePlus 10 Likely To Debut Soon: Report.

Havells total expenses were at Rs 3,996.12 crore, up 36.87 per cent at Q4/FY 2021-22 as against Rs 2,919.54 crore.

The Board of Directors of the Company has approved a Final Dividend of Rs. 4.50 per equity share, for the financial year 2021-22.

Shares of Havells India Ltd on Wednesday settled at Rs 1,253 on BSE, down 2.82 per cent from the previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)