Havells India Limited has reported its unaudited financial results for the second quarter and half-year ended September 30, 2026. For Q2 FY27, the company posted a consolidated Net Revenue of ₹6,417 crore, marking a significant 34.6% year-on-year growth. Profit After Tax (PAT) also saw an increase, reflecting strong business performance across its various segments.
Havells India Reports Strong Q2 FY27 Financial Performance
Havells India Limited announced its unaudited financial results for the second quarter and half-year ending September 30, 2026. The company demonstrated robust growth, with Net Revenue for the quarter reaching ₹6,417 crore, an increase of 34.6% compared to ₹4,767 crore in the same quarter last year (Q2 FY26). This growth was driven by strong performance across its diverse business segments.
Key Financial Highlights – Q2 FY27
The P&L Summary for the quarter shows a Net Revenue of ₹6,417 crore for Q2 FY27, up from ₹4,767 crore in Q2 FY26. EBITDA grew by 30.5% year-on-year to ₹576 crore. Profit Before Tax (PBT) stood at ₹476 crore, a 15.1% increase from ₹414 crore in the prior year’s comparable quarter. Net Profit for Q2 FY27 was ₹353 crore, showing an 11.1% growth from ₹317 crore in Q2 FY26. Total Comprehensive Income was ₹353 crore, up 11.7% year-on-year.
Segmental Performance
Revenue analysis by segment shows strong performance in Switchgears (+31.3%), Cables (+47.9%), and Renewables (+147.8%). Lighting & Fixtures saw a 7.0% increase, while Electrical Consumer Durables grew by 10.7%. Lloyd Consumer also contributed with a 28.4% increase in revenue. Contribution margins for most segments remained stable or improved, with the exception of Cables, which were impacted by aluminium price volatility. The company highlighted strong switchgear growth, supported by domestic demand and export recovery, and steady consumption demand despite inflation.
Half-Yearly Performance (H1 FY27)
For the half-year ended September 30, 2026, Net Revenue (NR) was ₹12,927 crore, an increase of 26.7% over H1 FY26’s ₹10,204 crore. Contribution also grew by 16.2% to ₹2,361 crore. EBITDA for H1 FY27 stood at ₹1,050 crore, a 9.2% increase. Profit Before Tax was ₹877 crore, a marginal 1.3% decrease from ₹888 crore in H1 FY26. Net Profit for the half-year was ₹651 crore, a 2.8% decrease from ₹670 crore in H1 FY26.
Balance Sheet and Cash Flow
As of September 26, 2026, the company’s total assets were ₹14,729 crore, with non-current assets at ₹7,436 crore and current assets at ₹7,293 crore. Total equity and liabilities stood at ₹14,729 crore. The cash flow statement for H1 FY27 shows a Net Cash Flow of (₹1,161 crore) from all activities, with Cash & Cash Equivalent at the end of the period being ₹1,190 crore.
Financial Ratios
Key financial ratios for Q2 FY27 show an Operating Profit Margin (OPM) of 9.0% (vs. 9.3% in Q2 FY26), Return on Equity (ROE) of 17.9% (vs. 17.6% in Q2 FY26), and Return on Capital Employed (ROCE) of 23.5% (vs. 23.6% in Q2 FY26). Liquidity ratios indicate a Current Ratio of 1.7 and Inventory Days at 72.
Source: BSE
