- Havells India‘s net income for the third quarter was 2.83 billion rupees, representing a 1.7% decrease compared to the same period last year. This was below the estimated net income of 3.6 billion rupees.
- The company reported revenue of 48.8 billion rupees, marking an 11% increase year-on-year, but still falling short of the expected 49.7 billion rupees.
- Total costs increased by 12% year-on-year, totaling 45.6 billion rupees.
- Other income for Havells India rose by 14% year-on-year, reaching 640.3 million rupees.
- A dividend of 4 rupees per share was declared.
- Following the earnings report, Havells India‘s shares rose by 2% to 1,558 rupees, with 1.56 million shares traded.
- Analysts’ recommendations for the company’s stock include 23 buys, 12 holds, and 6 sells.
A look at Havells India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Havells India demonstrates a strong long-term outlook with a high Resilience score of 5, indicating the company’s ability to weather economic uncertainties and market fluctuations effectively. This resilience suggests that Havells India is well-positioned to withstand challenges and maintain stability in the future.
Additionally, the company shows a solid Dividend score of 4, highlighting its commitment to rewarding shareholders through consistent dividend payouts. This focus on providing returns to investors signifies Havells India‘s financial strength and confidence in its ability to generate sustainable profits over the long term.
Overall, Havells India Limited, a manufacturer of electrical products including a wide range of equipment such as circuit protection devices, switchgears, cables, fans, and lighting products, exhibits a positive outlook supported by its strong Resilience and Dividend scores, indicating a promising future for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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