Havells India Limited

Press Release Publication For Immediate

Havells Net Profit Rises Fourfolds to Rs.304 cr

FY 11 Consolidated sales up 9 % at Rs.5,613cr;
New Delhi, 27th May 2011: Havells India, one of Indias largest and fastest growing electrical and power distribution equipment manufacturer today announced its results for the fourth quarter and the financial year ended 31 st of March 2011. FY11 vs. FY10 (Consolidated basis) Net sales for the FY11 on a consolidated basis, increased by 9% to Rs.5,613 crore as compared to Rs. 5,163 crore during FY10, on account of sustained demand from both the domestic market as well as international markets of presence. The company registered a net profit of Rs. 304crore for FY11; up by 334% as compared to Rs.70 crore in FY10. On an equity share capital of Rs.62.39 crore, the company registered an EPS of Rs.24.33, up 336% as compared to FY10. The consolidated numbers include the performances of Havells India (the parent company) and its other subsidiaries (Standard Electrical and HavellsSylvania). The year witnessed turnaround of Companys European subsidiary HavellsSylvania. The surge in demand in Latin American and Asian regions was successfully tapped by the companys subsidiaries, translating into strong growth in numbers during FY11. Higher sales in Latin America and better price realization, restructuring and operational efficiencies in Europe led the margin improvement. Net revenue of Sylvania stand alone up by 9% to 450 millions in FY11 as compared to 413millions in FY10. The EBIDTA margins improved to 6% in FY11 at 26 million as compared to 7 million in FY10. The profit after tax stood at 7 million in FY 11. FY11 vs. FY10 (Standalone basis) On a standalone basis; Net sales of Havells India for the financial year FY11 was up by22% to Rs.2882 cr. as compared to Rs.2371 cr. in FY10. Net profit for the year increased by6% to Rs.242 cr. as compared to Rs.228 cr. in FY10. EBIDTA for the financial year was up by 10% at Rs. 337cr. Q4FY11 vs. Q4FY10 (Standalone basis) The net sales of the company for Q4FY11 on a standalone basis was up by 25% at Rs.840.8 crores as compared to Rs.673.8 cr. in Q4FY10. EBIDTA for the current quarter surged by 20% at Rs.94.6 cr. vis--vis Rs.79.1 cr. for Q4FY10. Net profit rose to Rs.69 cr. as compared to Rs.65.8 cr. in Q4FY10.

Havells India Limited

Commenting on the performance, Mr. Anil Gupta, Joint Managing Director, Havells India, said The companys envisioned growth strategy for FY11 not only translated into strong numbers but has also created a robust platform for us to evolve into a truly global player. We have demonstrated our ability to capitalize on the domestic consumer demand by offering cost-efficient quality products and at the same time, have exhibited our ability to transform companies into profit-making enterprises. Having created an exciting business model, I feel confident that we would be able to grow at a faster pace in the coming years. About Havells India Limited Havells India Ltd is a billion-dollar-plus organization, and is one of the largest & India's fastest growing electrical and power distribution equipment manufacturer with products ranging from Industrial & Domestic Circuit Protection Switchgear, Cables & Wires, Motors, Fans, Power Capacitors, CFL Lamps, Luminaires for Domestic, Commercial & Industrial applications and Modular Switches covering the entire gamut of household, commercial and industrial electrical needs. Havells owns some of the prestigious global brands like Crabtree, Sylvania, Concord, Luminance, Linolite, & SLI Lighting. With 94 branches / representative offices and over 5000 professionals in over 50 countries across the globe, the group has achieved rapid success in the past few years. Its 8 state-of-the-art manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Bhiwadi, Alwar, Neemrana, and 6 state-of-the-art manufacturing plants located across Europe, Latin America & Africa churn out globally acclaimed products. Havells is a name synonymous with excellence and expertise in the electrical industry. Its 20000 strong global distribution network is prompt to service customers. The company has acquired a number of International certifications, like BASEC, CSA, KEMA, CB, CE, ASTA, CPA, SEMKO, SIRIUM (Malaysia), SPRING (Singapore), TSE (Turkey), SNI (Indonesia) and EDD (Bahrain) for various products. Today, Havells and its brands have emerged as the preferred choice of electrical products for discerning individuals and industrial consumers both in India and abroad. For any further details, please write to: Havells India Ltd Mutual PR marketing@havells.com Vikas Mahajan / Amit Arora +91 9953619912 / 9811154140

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Havells India Limited