Havells India Q2 Results Live : Havells India declared its Q2 results on October 17, 2024, showcasing a topline increase of 16.38% and a profit rise of 7.69% year-over-year. However, compared to the previous quarter, the company experienced a significant revenue decline of 21.82% and a profit decrease of 34.24%.
In terms of expenses, the Selling, General & Administrative expenses saw a quarterly decline of 6.11%, while they increased by 28.58% year-over-year. This fluctuation in expenses indicates a challenging operational environment for the company.
The operating income reported a substantial drop of 41.6% quarter-over-quarter and a decrease of 4.01% year-over-year, reflecting the pressures faced in the current market conditions.
Havells India reported an Earnings Per Share (EPS) of ₹4.61 for Q2, which marks a 16.67% increase year-over-year, indicating a positive trend in profitability despite the challenges faced in revenue.
In terms of stock performance, Havells India has delivered a -6.85% return in the last week, but has shown a robust 20.88% return over the last six months and an impressive 31.99% year-to-date return, suggesting strong investor confidence in the long-term prospects of the company.
As of now, Havells India has a market capitalization of ₹113,197.5 Crores, with a 52-week high of ₹2106 and a low of ₹1232.85, showcasing its volatility in the market.
Analyst sentiment is mixed, with 1 analyst recommending a Strong Sell, 3 advising Sell, 14 suggesting Hold, 14 advising Buy, and 3 giving a Strong Buy rating. The consensus recommendation as of October 18, 2024, is to Buy, highlighting the overall positive outlook despite recent fluctuations.
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