About the Company:
Havells India is one of the largest & fastest growing electrical and power distribution equipment manufacturer with products ranging from Industrial & Domestic Circuit Protection Switchgear, Cables & Wires, Motors, Water Heaters, Fans, Power Capacitors, CFL Lamps, Luminaires for Domestic, Commercial & Industrial applications and Modular Switches covering the entire range of household, commercial and industrial electrical needs. The company has 23 branches with over 6,000 workers in over 50 countries. The company owns some of the prestigious global brands like Crabtree, Sylvania, Concord, Lumiance & Linolite. The company also engaged in the business of Switchgears, Cable and Wires, Lighting and Fixtures, Electrical Consumable Durables.
QoQ & YoY Performance:
India’s one of the fastest growing Electric equipment manufacturing company has declared the results for the fourth quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 2217.44 crores, down by 2.46% in the March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.1972.99 crores, is decreased by 1.53%. EBITDA numbers down by 28.95%.
- YoY Performance: The Company has reported a 19.51% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have declined by 19.15%.
- Profitability of the company: Net Profit of the company landed to Rs.177.73 crores, declined by 11.48% QoQ and down by 10.69% YoY.
View: As per Lokesh Sethia, SEBI Registered Analyst, the stock was closed at Rs.480.75 per share, the company sales is declined by 19.61% at 2217.44 crores while the Profit After Tax was down by 10.69% year-on-year at 178 crores. But the company is a leader in its sector and summer is running so we expect the increase in sales and revenue once the lockdown over; So we will suggest you to “BUY” the stock for the target of Rs. 530.