Annual Report 2013-2014 of Havells India Limited

It is a broadly described annual report of Havells India Limited in the year of 2013-2014. During the financial year, Total assets of the Company stood at Rs. 5,337.49 million. The Company had 13% growth in net sales to Rs. 8,186 Crores in the financial year 2013-14 as against Rs. 7,248 Crores in 2012-13. The operating profit before Finance costs, depreciation, and tax was 12% higher at Rs. 784 Crores in 2013-14 as compared to Rs. 702 Crores in the preceding year. The Company posted Profit before tax and Extraordinary items for the year under review amounted to Rs. 594.09 Crores as compared to Rs. 469.38 Crores in the previous year. Profit after tax (PAT) of the Company was Rs. 446 Crores in the year 2013-14 as compared to Rs. 581 Crores of the preceding year due to a profit of Rs. 194 Crores on account of exceptional items, generated during the financial year 2012-13. Earnings per share (EPS) of the Company for the year Rs. 35.77. The Company proposes to carry Rs. 48 Crores to the general reserve and retain Rs. 211.61 Crores in the profit and loss account.

The Board of Directors of the Company has recommended a Final Dividend @Rs. 10/- per equity share for the year 2013-2014.

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