The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

    Havells Q1 net profit flat at Rs 107.37 crore

    Synopsis

    During the quarter Havells acquired 51 per cent stake in Promptec Renewable Energy Solutions for about Rs 33 crore to enter the solar energy segment.

    PTI

    Related Companies

    NSE
    BSE

    PEER COMPANIES

    NEW DELHI: Electrical goods maker Havells India's standalone net profit remained flat at Rs 107.37 crore in the first quarter ended June 30, 2015.

    The company reported net profit of Rs 107.27 crore during the same period of previous fiscal.

    Net sales of the company declined marginally by 0.70 per cent to Rs 1,258.1 crore for the April-June quarter, as compared to Rs 1,267.05 crore during the same period last year, Havells India said in a BSE filing.

    During the quarter Havells acquired 51 per cent stake in Promptec Renewable Energy Solutions for about Rs 33 crore to enter the solar energy and LED street lighting segment.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    1 Comment on this Story

    Chirag Mittal702 days ago
    Like diya burns fast before its blow off likewise reliance is doing, it has taken a big big gamble by jio, please stay away from it
    The Economic Times