Havells' Q2 standalone profit rises 11% to ₹353 crore; cables revenue up 48%

What happened

• Havells reported a standalone net profit of ₹353 crore for the September 2026 quarter against ₹317 crore a year earlier, up 11%, Upstox reported. Free Press Journal gave the consolidated figure as ₹349.22 crore against ₹318.28 crore.
• Standalone revenue from operations rose 35% to ₹6,417 crore from ₹4,767 crore, and EBITDA rose 30% to ₹576 crore, Upstox said. The EBITDA margin fell 30 basis points to 8.98%. Consolidated revenue was ₹6,431.99 crore against ₹4,779.33 crore, per Free Press Journal.
• By segment, Upstox reported cables revenue up 48% to ₹2,999 crore, switchgear up 31% to ₹782 crore, lighting up 7% to ₹449 crore and the Lloyd brand up 28% to ₹614.50 crore.
• Free Press Journal gave consolidated first-half profit as ₹638.93 crore against ₹665.81 crore, down 4.04%. Its report is timed at 3:18 PM and Upstox's at 3:11 PM, before the close. The shares closed at ₹1,080 against ₹1,071.60 on Kite data, a rise of 0.78% by my calculation.

Why it matters

Good to know: A basis point is one hundredth of a percentage point, so a margin that contracted by 30 basis points has fallen by 0.3 of a percentage point. Operating profit can grow 30% while the margin slips if revenue grows faster.

Key facts

Standalone net profit

₹353 crore (₹317 crore a year earlier), up 11%

Consolidated net profit

₹349.22 crore (₹318.28 crore), per Free Press Journal

Standalone revenue

₹6,417 crore (₹4,767 crore), up 35%

Cables revenue

₹2,999 crore, up 48%

Standalone EBITDA

₹576 crore, up 30%; margin 8.98%

Read the source

• Havells Q2 earnings: Net profit rises 11% to ₹353 crore, EBITDA jumps 30%Upstox
• Havells India Reports Q2 FY27 Consolidated Net Profit Of ₹349.22 Crore, Revenue Surges To ₹6,431.99 CroreFree Press Journal