InvestorQ : How do you see the latest Jun-20 quarter results of Havells?
vidhya Laxmi made post

How do you see the latest Jun-20 quarter results of Havells?

Answer
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3 months ago


Havells reported 64% fall in net profits to Rs.63.98 crore for the Jun-20 quarter. Overall revenues were down 45.4% at Rs.1483 crore as sales volumes contracted across segments like switchgears, cables, electrical consumer durables, Consumer lighting etc due to the Coronavirus syndrome and the subsequent lockdown.

Most of the key markets were tepid initially and managed to pick up momentum only in the latter half May 2020. However, construction is weak hitting OEM demand and regional disruptions are continuing even as supply chains are under pressure. Switchgears saw 44% fall in revenues cables 41% and electric consumer durables saw a 46% fall in sales.