New Delhi, Jul 22 (PTI) Shares of consumer electrical goods maker Havells India Ltd on Thursday closed with a gain of over 4 per cent after the company reported a nearly four-fold jump in its consolidated net profit for the first quarter ended June 2021.
The stock, which jumped 7.30 per cent to Rs 1,184 during the day on the BSE, closed at Rs 1,151.45, a jump of 4.35 per cent.
On the NSE, it gained 4.21 per cent to close at Rs 1,150.05. In traded volume terms, 6.82 lakh shares were traded at the BSE and over 1.29 crore units at the NSE during the day.
Havells India Ltd on Wednesday reported a nearly four-fold jump in its consolidated net profit to Rs 235.78 crore for the first quarter ended June 2021, driven by "resilient" demand post easing of COVID restrictions.
The company had posted a consolidated net profit of Rs 63.98 crore in the April-June quarter a year ago, Havells said in a regulatory filing.
Its revenue from operations was up 75.95 per cent at Rs 2,609.97 crore during the period under review, as against Rs 1,483.40 crore a year ago.
Havells India Chairman and Managing Director Anil Rai Gupta said, "Despite a truncated quarter, overall performance has been encouraging across segments. The demand has been resilient, and we expect further improvement as COVID restrictions are progressively lifted."
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