Shares of Havells India Jumped 2.25 per cent to ₹1,592.35 on the BSE at 12.12 PM on Monday.

Havells India, a leading consumer electrical goods manufacturer, reported a 3 per cent decline in net profit for the third quarter of the fiscal year ending December 31, 2024. The company’s net profit stood at ₹278 crore, falling short of market expectations. 

Revenue for the quarter increased by 10.8 per cent y-o-y to ₹4,889 crore. However, this growth was accompanied by a decline in operating margins due to rising costs. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dipped 1.5 per cent to ₹426.4 crore, resulting in an EBITDA margin of 8.7 per cent compared to 9.8 per cent in the same period last year. 

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Despite the profit dip, Havells India declared an interim dividend of ₹4 per equity share on February 14,2025.

The stock hit a 52- week high of ₹2,104.95 on September 9, 2024 and low of ₹1,280.20 on January 24, 2024.