Now Reading: Havells Q2 net profit rises 11%, revenue beats estimates
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Havells Q2 net profit rises 11%, revenue beats estimates
The Story in Brief
Havells India on Thursday, 22 October, reported a consolidated net profit of ₹349 to 353 crore for the September 2026 quarter, an 11% increase from the same period last year. Revenue from operations jumped 34.5 to 34.6% year-on-year to ₹6,416 to 6,432 crore, surpassing expectations. EBITDA margin narrowed to 9% from 9.26%, squeezed mainly by the cables business where falling aluminium prices hurt contribution.
The cables segment led growth with nearly 48% revenue increase, followed by switchgears at 31%. The renewables business more than doubled to ₹329 crore. The company said consumption demand remained steady despite high inflation. For the full year, Havells expects capital expenditure of around ₹1,400 crore, directed at cable capacity expansion and a new research centre. Shares traded 0.5% higher at ₹1,076.5 on the day.
Indian Opinion Analysis
Both outlets reported Havells India's Q2 FY27 (September quarter 2026) results as a largely in-line or positive set of numbers. CNBC-TV18 emphasised the revenue beat against its own poll and highlighted management commentary on margin pressure from the cables business. The Free Press Journal led with the exact net profit and revenue figures from the company's filing, and also noted the half-year profit decline and the exceptional items from the prior year. The differences are minor and stem from format: CNBC-TV18 added its poll-based framing and investor presentation detail, while the Free Press Journal stuck to the official consolidated statement. The core facts, revenue of ₹6,416 to 6,432 crore, EBITDA margin of 9%, net profit of around ₹349 to 353 crore, are consistent, making this uniform straight reporting with no discernible stance divergence. The key open item is the company's planned ₹1,400 crore capex for capacity addition.
Coverage: 2 sources, 2 neutral
Sources (2): cnbctv18.com (neutral report), freepressjournal.in (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
