On Wednesday, Havells India Ltd reported its consolidated net profit at Rs 242 crore for Q1FY22. The company posted a consolidated net profit of Rs 63.98 crore during the first quarter of last year. Meanwhile, the revenue from operation rose 75.95 per cent to Rs 2,609.97 crore during the period under review compared with the corresponding period at Rs 1,483.40 crore.

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Havells India Chairman and Managing Director Anil Rai Gupta said, “Despite a truncated quarter, overall performance has been encouraging across segments. The demand has been resilient, and we expect further improvement as Covid restrictions are progressively lifted.”

Havells India’s total expenses were Rs 2,327.20 crore, which is up 62.86 per cent in the first quarter of financial year 21-22 as against Rs 1,428.93 crore last year.