Post by capitalstars Equity tips on Oct 23, 2017 20:07:19 GMT 8
Havells India Q2FY18 standalone net profit rises 17.3% yoy
Havells India standalone revenue for the quarter came in at Rs. 1777 crore, registering 14% yoy increase. This was primarily driven by revenue from Lloyd consumer vertical to Rs.269 crore and 15% yoy increase in ligthing & fixtures segment to Rs.286 crore in Q2FY18 vs Rs.249 crore in previous year corresponding quarter.
EBITDA for the quarter rose by 26% yoy to Rs. 257 crore with a corresponding margin expansion of 137 bps. EBITDA margin for the quarter stood at 14.5%.
The PAT for the quarter came in at Rs. 171 crore , yoy increase of 17.3%.
Adani Ports hits 1-month high as promoter buys more stake
Shares of Adani Ports and Special Economic Zone rose nearly 2% to hit its one-month high after Emerging Market Investment DMCC bought 500,000 shares or 0.02% stake in the company through the open market on Thursday.
The additional share purchase has raised Emerging Market Investment DMCC's stake in the company to 1.79% from 1.76%, data available at the exchanges showed.
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Havells India standalone revenue for the quarter came in at Rs. 1777 crore, registering 14% yoy increase. This was primarily driven by revenue from Lloyd consumer vertical to Rs.269 crore and 15% yoy increase in ligthing & fixtures segment to Rs.286 crore in Q2FY18 vs Rs.249 crore in previous year corresponding quarter.
EBITDA for the quarter rose by 26% yoy to Rs. 257 crore with a corresponding margin expansion of 137 bps. EBITDA margin for the quarter stood at 14.5%.
The PAT for the quarter came in at Rs. 171 crore , yoy increase of 17.3%.
Adani Ports hits 1-month high as promoter buys more stake
Shares of Adani Ports and Special Economic Zone rose nearly 2% to hit its one-month high after Emerging Market Investment DMCC bought 500,000 shares or 0.02% stake in the company through the open market on Thursday.
The additional share purchase has raised Emerging Market Investment DMCC's stake in the company to 1.79% from 1.76%, data available at the exchanges showed.
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