Havells Q4 net profit down 10.7% to Rs 177.7 cr; revenue from switchgear segment down 14% at Rs 351 cr
Havells' total expenses were at Rs 2,040.10 crore as against Rs 2,485.62 crore, down 17.92 percent.
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The 77-year-old Gupta who started Havells and transformed it to a multinational with operations across 51 countries was known for entrepreneurial and never say die spirit, the company said in a statement.<br />
Both the Nifty and the Sensex are stuck in a narrow zone from where they could break out in either direction. Next week we have to look for triggers.