Integrated Filing — IndAS

General information about company
Scrip Code	517354
NSE Symbol	HAVELLS
MSEI Symbol	NOTLISTED
ISIN	INE176B01034
Name of company	HAVELLS INDIA LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	22-Apr-2025   13:30:00
End date and time of board meeting	22-Apr-2025   16:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-10-17
Indicate Company website link for updated RPT policy of the Company	https://havells.com/media/wysiwyg/PDF/Code-and-policies/Related_Party_Transactions_Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There are no loans and debt securities hence not applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	65322100000	217458100000
	Other income	686500000	3024700000
	Total income	66008600000	220482800000
2	Expenses
(a)	Cost of materials consumed	34940100000	119993000000
(b)	Purchases of stock-in-trade	7427400000	30874800000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	1972700000	-4981300000
(d)	Employee benefit expense	4693300000	18518200000
(e)	Finance costs	152200000	432400000
(f)	Depreciation, depletion and amortisation expense	1080000000	3987200000
(f)	Other Expenses
1	Advertisement and Sales Promotion	1422700000	6224000000
2	Others	7172600000	24914400000
3	Net Impairment on financial and contract assets-Provision for Doubtful debts Etc.	86100000	429200000
	Total other expenses	8681400000	31567600000
	Total expenses	58947100000	200391900000
3	Total profit before exceptional items and tax	7061500000	20090900000
4	Exceptional items	0	0
5	Total profit before tax	7061500000	20090900000
6	Tax expense
7	Current tax	1763700000	5024500000
8	Deferred tax	75200000	178000000
9	Total tax expenses	1838900000	5202500000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	5222600000	14888400000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	5222600000	14888400000
17	Other comprehensive income net of taxes	-183500000	-223600000
18	Total Comprehensive Income for the period	5039100000	14664800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	626900000	626900000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		82683000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	8.33	23.75
	Diluted earnings (loss) per share from continuing operations	8.33	23.74
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	8.33	23.75
	Diluted earnings (loss) per share from continuing and discontinued operations	8.33	23.74
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	32512500000
	Capital work-in-progress	1164700000
	Investment property	0
	Goodwill	3104700000
	Other intangible assets	10652300000
	Intangible assets under development	17200000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	740300000
	Trade receivables, non-current	3900000
	Loans, non-current	0
	Other non-current financial assets	361400000
	Total non-current financial assets	1105600000
	Deferred tax assets (net)	0
	Other non-current assets	1209900000
	Total non-current assets	49766900000
2	Current assets
	Inventories	40073700000
	Current financial asset
	Current investments	0
	Trade receivables, current	12536000000
	Cash and cash equivalents	7817200000
	Bank balance other than cash and cash equivalents	25708600000
	Loans, current	0
	Other current financial assets	56500000
	Total current financial assets	46118300000
	Current tax assets (net)	0
	Other current assets	1756400000
	Total current assets	87948400000
3	Non-current assets classified as held for sale	34200000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	137749500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	626900000
	Other equity	82683000000
	Total equity attributable to owners of parent	83309900000
	Non controlling interest
	Total equity	83309900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	2432600000
	Total non-current financial liabilities	2432600000
	Provisions, non-current	547400000
	Deferred tax liabilities (net)	3753200000
	Deferred government grants, Non-current	0
	Other non-current liabilities	100900000
	Total non-current liabilities	6834100000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1988800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	28411900000
	Total Trade payable	30400700000
	Other current financial liabilities	9428800000
	Total current financial liabilities	39829500000
	Other current liabilities	3800200000
	Provisions, current	3349000000
	Current tax liabilities (Net)	626800000
	Deferred government grants, Current	0
	Total current liabilities	47605500000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	54439600000
	Total equity and liabilites	137749500000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Switchgears	6913600000	23953400000
2	Cables	21693700000	71836300000
3	Lighting & Fixtures	4357600000	16531700000
4	Electrical Consumer Durables	9959200000	40114600000
5	Lloyd Consumer	18699700000	51232800000
6	Others	3698300000	13789300000
	Total Segment Revenue	65322100000	217458100000
	Less: Inter segment revenue	0	0
	Revenue from operations	65322100000	217458100000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Switchgears	1775600000	5392800000
2	Cables	2586300000	7715000000
3	Lighting & Fixtures	746900000	2536800000
4	Electrical Consumer Durables	1249400000	3993900000
5	Lloyd Consumer	1166800000	1307500000
6	Others	142900000	251900000
	Total Profit before tax	7667900000	21197900000
	i. Finance cost	152200000	152200000
	ii. Other Unallocable Expenditure net off Unallocable income	454200000	454200000
	Profit before tax	7061500000	20090900000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Switchgears	7447800000	7447800000
2	Cables	19359600000	19359600000
3	Lighting & Fixtures	6396900000	6396900000
4	Electrical Consumer Durables	12455200000	12455200000
5	Lloyd Consumer	44677200000	44677200000
6	Others	4555500000	4555500000
	Total Segment Asset	94892200000	94892200000
	Un-allocable Assets	42857300000	42857300000
	Net Segment Asset	137749500000	137749500000
4	Segment Liabilities
	Segment Liabilities
1	Switchgears	4832200000	4832200000
2	Cables	11896300000	11896300000
3	Lighting & Fixtures	3248200000	3248200000
4	Electrical Consumer Durables	6759600000	6759600000
5	Lloyd Consumer	14610100000	14610100000
6	Others	2768400000	2768400000
	Total Segment Liabilities	44114800000	44114800000
	Un-allocable Liabilities	10324800000	10324800000
	Net Segment Liabilities	54439600000	54439600000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement Gain/(Loss) on Defined Benefit plan	-245400000	-299000000
	Total Amount of items that will not be reclassified to profit and loss	-245400000	-299000000
2	Income tax relating to items that will not be reclassified to profit or loss	-61900000	-75400000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-183500000	-223600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			20090900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			432400000
	Adjustments for decrease (increase) in inventories			-5988500000
	Adjustments for decrease (increase) in trade receivables, current			-1050900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			697800000
	Adjustments for decrease (increase) in other non-current assets			4700000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-4300000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			3579300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-42300000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3987200000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			429200000
	Adjustments for provisions, current			-131700000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			789700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-52200000
	Adjustments for dividend income			0
	Adjustments for interest income			2255700000
	Adjustments for share-based payments			104500000
	Adjustments for fair value losses (gains)			90300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-170500000
	Other adjustments for non-cash items			151000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			570000000
	Net cash flows from (used in) operations			20660900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			5054800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			15606100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			418700000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			121900000
	Purchase of property, plant and equipment			7525500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2391800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			2130000000
	Net cash flows from (used in) investing activities	-3300500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			425400000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			961600000
	Dividends paid			6268100000
	Interest paid			74500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-6878800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			5426800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-43100000
	Net increase (decrease) in cash and cash equivalents			5383700000
	Cash and cash equivalents cash flow statement at beginning of period			2433500000
	Cash and cash equivalents cash flow statement at end of period			7817200000