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January 17, 2025

Havells India shares jump 4% after posting Q3 results. Should you invest?

Shares of Havells India rallied 3.9% to an intraday high of Rs 1,617.95 on the BSE after the company reported its Q3 results for FY25 on Thursday, posting a marginal 1.7% year-on-year (YoY) decline in its net profit at Rs 283 crore against Rs 288 crore in Q3FY4.However, the company reported an 11% jump on a YoY basis in its net revenue at Rs 4,883 crore versus Rs 4,401 crore reported in the third quarter of the previous financial year.Segmentally, the Switchgears segment witnessed a 10.8% YoY growth at Rs 577 crore while the cable segment gained 7.3% YoY. Lighting & Fixtures segment witnessed a growth of 2.5% YoY, Electrical Consumer Durables segment witnessed a growth of 15% YoY and the other segments’ growth was recorded at 22.8% YoY.The company has also declared an interim dividen

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