Havells India - 1QFY21 - Angel Broking

Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd.

"For 1QFY2021, Havells India (HIL)'s top-line reported de-growth of ~45% yoy to Rs.1,483 cr. Top-line was negatively impacted mainly due COVID-19 lockdown. On the operating front, the company reported contraction in margins, down 140bps yoy at 8.9%. Operating margin was impacted mainly due to higher material cost and employee cost. On the bottom-line front, HIL reported de-growth of ~64% yoy to Rs64cr due to lower sales, poor operating performance and higher interest cost."

Shares of HAVELLS INDIA LTD. was last trading in BSE at Rs.596 as compared to the previous close of Rs. 607.25. The total number of shares traded during the day was 158331 in over 5807 trades.

The stock hit an intraday high of Rs. 609.8 and intraday low of 587.85. The net turnover during the day was Rs. 94824603.

Source : Equity Bulls

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