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	Consolidated
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

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	Consolidated	Consolidated
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	65435600000	217780600000
	Other income	687200000	3032700000
	Total income	66122800000	220813300000
2	Expenses
(a)	Cost of materials consumed	34940100000	119993000000
(b)	Purchases of stock-in-trade	7479400000	31489300000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	1969800000	-5398600000
(d)	Employee benefit expense	4744600000	18700200000
(e)	Finance costs	152200000	432400000
(f)	Depreciation, depletion and amortisation expense	1096600000	4004000000
(f)	Other Expenses
1	Advertisement and Sales Promotion	1427400000	6243800000
2	Others	7210200000	25007500000
3	Net Impairment on financial and contract assets-Provision for Doubtful debts Etc.	93600000	436800000
	Total other expenses	8731200000	31688100000
	Total expenses	59113900000	200908400000
3	Total profit before exceptional items and tax	7008900000	19904900000
4	Exceptional items	0	0
5	Total profit before tax	7008900000	19904900000
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	5170000000	14702400000
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	5170000000	14702400000
17	Other comprehensive income net of taxes	-188100000	-211100000
18	Total Comprehensive Income for the period	4981900000	14491300000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	5178300000	14722600000
	Total profit or loss, attributable to non-controlling interests	-8300000	-8300000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-186700000	-212900000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-1400000	1800000
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		82611000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	8.26	23.49
	Diluted earnings (loss) per share from continuing operations	8.25	23.48
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	8.26	23.49
	Diluted earnings (loss) per share from continuing and discontinued operations	8.25	23.48
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	32521300000
	Capital work-in-progress	1164700000
	Investment property	0
	Goodwill	3104700000
	Other intangible assets	10893100000
	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	109800000
	Trade receivables, non-current	3900000
	Loans, non-current	0
	Other non-current financial assets	364400000
	Total non-current financial assets	478100000
	Deferred tax assets (net)	229700000
	Other non-current assets	980200000
	Total non-current assets	49389000000
2	Current assets
	Inventories	40468500000
	Current financial asset
	Current investments	0
	Trade receivables, current	12583300000
	Cash and cash equivalents	8072500000
	Bank balance other than cash and cash equivalents	25708600000
	Loans, current	0
	Other current financial assets	56500000
	Total current financial assets	46420900000
	Current tax assets (net)	0
	Other current assets	1781500000
	Total current assets	88670900000
3	Non-current assets classified as held for sale	34200000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	138094100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	626900000
	Other equity	82611000000
	Total equity attributable to owners of parent	83237900000
	Non controlling interest	171800000
	Total equity	83409700000
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	2535300000
	Total non-current financial liabilities	2535300000
	Provisions, non-current	547400000
	Deferred tax liabilities (net)	3753200000
	Deferred government grants, Non-current	0
	Other non-current liabilities	100900000
	Total non-current liabilities	6936800000
	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	28481000000
	Total Trade payable	30469800000
	Other current financial liabilities	9475600000
	Total current financial liabilities	39945400000
	Other current liabilities	3826400000
	Provisions, current	3349000000
	Current tax liabilities (Net)	626800000
	Deferred government grants, Current	0
	Total current liabilities	47747600000
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	54684400000
	Total equity and liabilites	138094100000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Switchgears	6918300000	23968000000
2	Cables	21693700000	71836300000
3	Lighting & Fixtures	4417200000	16707700000
4	Electrical Consumer Durables	9972600000	40138500000
5	Lloyd Consumer	18735500000	51340800000
6	Others	3698300000	13789300000
	Total Segment Revenue	65435600000	217780600000
	Less: Inter segment revenue	0	0
	Revenue from operations	65435600000	217780600000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Switchgears	1775800000	5395400000
2	Cables	2586300000	7715000000
3	Lighting & Fixtures	724900000	2506700000
4	Electrical Consumer Durables	1248200000	3990800000
5	Lloyd Consumer	1143500000	1175200000
6	Others	142900000	251900000
	Total Profit before tax	7621600000	21035000000
	i. Finance cost	152200000	152200000
	ii. Other Unallocable Expenditure net off Unallocable income	460500000	460500000
	Profit before tax	7008900000	19904900000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Switchgears	7447800000	7447800000
2	Cables	19359600000	19359600000
3	Lighting & Fixtures	7032200000	7032200000
4	Electrical Consumer Durables	12455200000	12455200000
5	Lloyd Consumer	44886200000	44886200000
6	Others	4555500000	4555500000
	Total Segment Asset	95736500000	95736500000
	Un-allocable Assets	42357600000	42357600000
	Net Segment Asset	138094100000	138094100000
4	Segment Liabilities
	Segment Liabilities
1	Switchgears	4832200000	4832200000
2	Cables	11896300000	11896300000
3	Lighting & Fixtures	3449000000	3449000000
4	Electrical Consumer Durables	6759600000	6759600000
5	Lloyd Consumer	14612600000	14612600000
6	Others	2768400000	2768400000
	Total Segment Liabilities	44318100000	44318100000
	Un-allocable Liabilities	10366300000	10366300000
	Net Segment Liabilities	54684400000	54684400000
	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	Consolidated	Consolidated
	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
1	Exchange difference on translation of financial statements of foreign operations	-4600000	12500000
	Total Amount of items that will be reclassified to profit and loss	-4600000	12500000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-188100000	-211100000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			19904900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			432400000
	Adjustments for decrease (increase) in inventories			-6377300000
	Adjustments for decrease (increase) in trade receivables, current			-1035300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			703500000
	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			3635200000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-41700000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			4004000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			436800000
	Adjustments for provisions, current			-131700000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			809100000
	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)			302800000
	Net cash flows from (used in) operations			20207700000
	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			15152900000
	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			0
	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			7659500000
	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			2391000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			2130800000
	Net cash flows from (used in) investing activities	-3015800000
	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			190200000
	Net cash flows from (used in) financing activities			-6688600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			5448500000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-37000000
	Net increase (decrease) in cash and cash equivalents			5411500000
	Cash and cash equivalents cash flow statement at beginning of period			2661000000
	Cash and cash equivalents cash flow statement at end of period			8072500000