Power equipment maker Havells India on Monday said their net profit rose 31 per cent to Rs 64.40 crore for the fourth quarter ended March 31, 2010, over the same period last year.
Net sales of the company rose to Rs 700.15 crore in the January-March quarter ended 2010 from Rs 573.62 crore in the same period a year ago, Havells India said in a filing to the Bombay Stock Exchange.
"The company had an excellent period of growth across all its business segments, led by improved margins and sound volume growth. We expect the trend to continue across the product range and geographic locations going forward," Havells India Joint Managing Director Anil Gupta said.
For the year ended March 31, 2010, the company has reported a net profit of Rs 227.10 crore, up 56 per cent from the same period of the previous fiscal.
Shares of Havells India on Tuesday closed at Rs 613.65 on the BSE, down 0.13 per cent from previous close.