At 12:35 pm, Havells India shares were trading at Rs 1,327, down 5.57 percent on BSEHavells India shares plunged more than 9 per cent on Thursday due to a decline in net revenue in the July-September quarter.
On Wednesday, Havells India reported a 7.34 per cent decline in consolidated net revenue to Rs 302.39 crore for the quarter ended on September 30, 2021 compared to Rs 326.36 crore in the year-ago quarter.The revenues from operations rose 31.65 per cent to Rs 3,238.04 crore during the September 2021 quarter as against Rs 2,459.49 crore in the matching period of last fiscal, the business stated in an exchange filing.The customer electrical goods maker's overall expenses were at Rs 2,866.54 crore during the period under review, an increase of 35.60 percent from Rs 2,113.92 crore a year ago.At 12:35 pm, Havells India shares were trading at Rs 1,327, down 5.57 percent on the BSE.
The BSE Sensex and NSE Nifty were trading lower by 0.7 per cent at the time.