Havells India Ltd. shares jumped as much as 5% on Wednesday, April 22, following the announcement of its March quarter results. According to reports from CNBC TV18, the stock was trading 4.8% higher at ₹1,391.8 after the results announcement. The positive market reaction came despite the company's year-on-year performance decline, as investors responded favorably to results that exceeded analyst expectations on the operating front.
The company delivered exceptional Q4FY26 results, with net profit rising 40.6% year-on-year to ₹734 crore, sharply beating the CNBC-TV18 poll estimate of ₹495 crore. As reported by CNBC TV18, revenue grew 2.4% to ₹6,687 crore, though it came in below expectations of ₹6,971 crore. The EBITDA stood at ₹727 crore, marginally above estimates, while margins improved to 10.9% versus the expected 9.9%, despite narrowing from 11.7% year-on-year. This strong profit performance demonstrates the company's ability to maintain operational efficiency despite revenue challenges.
The cables segment emerged as the standout performer, with revenue rising 14% year-on-year and EBIT jumping 36% during the quarter. According to CNBC TV18, the cables business EBIT margins expanded to 14.2% from 11.9%, indicating strong operating leverage and improved profitability. This robust performance in the cables segment helped offset some of the year-on-year decline in overall EBITDA, demonstrating the diversified nature of Havells India's business portfolio and its ability to maintain profitability across different market conditions.
As reported by CNBC TV18, shares of Havells India have risen 13% over the last one month, indicating sustained investor interest in the company's performance trajectory. The recent quarterly results have reinforced this positive sentiment, with the stock's 4.8% gain following the results announcement reflecting market confidence in the company's operational capabilities and future prospects. The strong operational performance, particularly in the cables segment, has reinforced investor confidence in the company's diversified business model and growth potential.
