Havells India

Net sales (including other operating income) of Havells India has declined 6.04% to Rs 5455.35 crore.   Operating profit margin has declined from 9.86% to 9.45%, leading to 9.89% decline in operating profit to Rs 515.67 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 54.33% to 54.56%.   Purchase of finished goods cost fell from 13.12% to 12.40%.   Employee cost increased from 8.12% to 9.05%.   Other expenses rose from 14.36% to 14.65%.   Selling and administration expenses fell from 3.03% to 2.59%.   Provisions writeoffs cost rose from 0.06% to 0.07%.   Other provisions rose from 0.06% to 0.07%.   Other income fell 10.54% to Rs 69.18 crore.  PBIDT fell 9.96% to Rs 584.85 crore.  Provision for interest rose 9.47% to Rs 9.36 crore.  PBDT fell 10.22% to Rs 575.49 crore.  Provision for depreciation rose 14.91% to Rs 105.74 crore.  Profit before tax down 14.44% to Rs 469.75 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 122.22 crore, compared to Rs 141.49 crore.  Effective tax rate was 26.02% compared to 25.77%. Minority interest increased 51.28% to Rs -0.19 crore.  Net profit attributable to owners of the company decreased 14.75% to Rs 347.72 crore.