Havell's India posts 81pc increase in PAT

New Delhi, Jul 20: Havell's India today posted an 81 per cent rise in its net profit to Rs 22.58 crore for the quarter ended June 30, 2006 as compared to Rs 12.48 crore during same period last year.

However, the turnover of the company also increased by 72 per cent to 374.98 per cent for Q1 FY07 as against 217.51 in Q1 FY06.

''This (growth) represents customers preference for our brand and continued good performance in the core businesses of switchgear,'' Havell's director Anil Gupta said.

The figures for Q1FY07 include erstwhile Crabtree India Ltd and is not comparable with Q1FY06, the company statement however revealed.

UNI