Havells India , a leading electrical equipment manufacturer, has reported robust financial results for the fourth quarter, showcasing significant growth across various segments and improved profitability.

Strong Financial Performance

Havells India delivered impressive quarterly results, with net profit surging 24% year-on-year to Rs 449.00 crores. The company's net revenue also saw a healthy increase of 12%, reaching Rs 5,434.00 crores. This growth was primarily attributed to positive momentum in summer products and early benefits from the real estate sector uptick.

Improved Profitability and Cash Position

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a substantial increase of 20%, amounting to Rs 637.00 crores. Notably, EBITDA margins improved to 11.7%, indicating enhanced operational efficiency. Havells India maintained a strong financial position with a net cash balance of Rs 3,015.00 crores.

Segment-wise Performance

Havells India's growth was broad-based across its various business segments:

The Electrical Consumer Durables segment led the growth chart with a 21% increase, followed by Cables at 14% and Switchgears at 8%. The Lloyd Consumer division, while showing a modest 6% revenue growth, demonstrated significant improvement in contribution margins, which rose to 12.5% compared to 6.2% in the previous year.

Full Year Performance

For the complete fiscal year, Havells India reported solid growth:

• Net revenue increased by 10% to Rs 18,550.00 crores
• Net profit grew by 18% to Rs 1,273.00 crores

Strategic Investments and Market Dynamics

The company continued its investments in talent and digitization initiatives, positioning itself for future growth. Havells India also benefited from industrial and infrastructure-led B2B demand, indicating a positive market environment for its products and services.

In conclusion, Havells India's quarterly results reflect the company's strong market position and ability to capitalize on favorable market conditions. The significant improvements in profitability, coupled with growth across various segments, suggest a positive outlook for the company in the coming quarters.

Havells India , a leading electrical equipment company, has announced a significant philanthropic initiative in the field of education. The company has pledged a grant of Rs 250.00 crore to establish the Havells School of Management and Leadership at Ashoka University, marking a major step in its commitment to fostering quality education in India.

Innovative Educational Approach

The Havells School of Management and Leadership is set to introduce a groundbreaking program in India's educational landscape. It will offer undergraduate programs in Applied Liberal Arts and Management, a first-of-its-kind initiative in the country. The school's ambition extends beyond national borders, with aspirations to become one of the top ten global undergraduate management programs.

Comprehensive Program Offerings

In addition to its innovative undergraduate program, the school will also provide integrated postgraduate programs. These programs will be developed in partnership with leading business schools, enhancing the educational offerings and providing students with diverse learning opportunities.

Continuing Legacy of Support

This grant represents Havells India's third and largest commitment to Ashoka University. The company's association with the university dates back to 2014 when its founder, Qimat Rai Gupta, made the initial grant. The latest endowment of Rs 250.00 crore will be distributed over a period of time, ensuring sustained support for the school's development and operations.

Curriculum and Partnerships

The Havells School of Management and Leadership aims to create a unique educational experience by combining management education with liberal arts foundations. The school's curriculum will be enriched through academic and industry partnerships, facilitating student exchange programs, joint programs, and executive education initiatives.

Integration of Existing Resources

As part of this new initiative, Ashoka University's existing InfoEdge Centre for Entrepreneurship will be integrated into the new school. This integration is expected to enhance the entrepreneurial focus of the program and provide students with practical insights into business creation and management.

Havells India's substantial grant to Ashoka University underscores the company's commitment to education and leadership development in India. By supporting this innovative educational initiative, Havells is contributing to the creation of a new generation of business leaders equipped with a broad-based, interdisciplinary education.