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New Delhi, July 30

Havell’s India Ltd has reported a 21-per cent increase in net profit for the first quarter ended June 2009. Net profit stood at Rs 49.3 crore against Rs 40.7 crore in the same period last year. Mr Rajesh Gupta, Chief Financial Officer, said that the growth was primarily due to its focus on cost savings after the economic meltdown. The company reported a 6-per cent growth in net sales at Rs 586.2 crore, compared to Rs 553.4 crore in the corresponding quarter last yea r. Its lighting and fixtures segment reported a growth of 20 per cent, followed closely by the switchgear segment and electrical consumer durables, both reporting a growth of 17 per cent.

— Our Bureau

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