Havell profit up 31 pct

Havells India Ltd,the electrical and power distribution equipment manufacturer,has announced that the companys PAT increased by 31% to Rs.64.40 crores in the 4th quarter of 2009-2010 as against Rs.48.80 crores reported in the corresponding quarter of the previous year.

The net revenue during the present quarter increased by 22% to Rs 700.15 crores as against Rs 573.62 crores in the corresponding quarter of the previous year.

The EBIDTA increased by 31% to Rs 86.70 crores.

The performance of the switchgear sales showed a growth of 17% while the cable & wire business segment grew by 9% during the quarter. The lighting and fixtures segment grew by 60%.