Quarter Result

Havells INDIA LIMITED
Regd. Office : 1/7, Ram Kishore Road, Civil Lines, Delhi 110 054
Corporate Off.: E-1, Sector - 59, Noida - 201 307

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED
MARCH 31, 2006

(Rs. in crores)

Particulars	Nine Months Ended	Quarter Ended		Year Ended		Consolidated Results
	31-Dec-05	31-Mar-06	31-Mar-05	31-Mar-06	31-Mar-05	31-Mar-06
	(Unaudited)	(Audited)		(Audited)		(Audited)
Gross Sales	729.70	385.44	195.89	1115.14	665.38	1115.14
Excise Duty	83.29	28.16	22.11	111.45	83.42	111.45
Net Sales	646.41	357.28	173.78	1003.69	581.96	1003.69
Other Income	2.46	1.09	0.90	3.55	3.39	3.61
Total Income	648.87	358.37	174.68	1007.24	585.35	1007.30
Total Expenditure	577.39	326.99	155.81	904.38	524.54	904.38
a) Increase/Decrease in Stock in trade	(31.55)	(4.51)	(0.24)	(36.06)	(40.47)	(36.06)
b) Consumption of raw material	407.63	213.23	99.30	620.86	373.22	620.86
c) Staff Cost	25.75	13.21	6.85	38.96	24.08	38.96
d) Other expenditure	175.56	105.06	49.90	280.62	167.71	280.62
Interest	11.63	6.39	4.88	18.02	13.51	18.02
Depreciation	4.23	2.13	1.35	6.36	4.08	6.36
Profit before taxation	55.62	22.86	12.64	78.48	43.22	78.54
Provision for Taxation
- Income Tax	10.69	1.81	0.24	12.50	9.61	12.40
- Fringe Benefit Tax	0.85	0.39	0.00	1.24		1.24
- Deferred Tax	1.18	0.46	1.97	1.64	3.09	1.64
Net Profit	42.90	20.20	10.43	63.10	30.52	63.26
Paid up Capital	11.59	12.45	5.80	12.45	5.80	12.45
Pending Allotment	---	0.99	---	0.99		0.99
Reserves (excluding revaluation reserves)	---	---	---	162.57	80.82	162.57
Basic E.P.S. for the period (not annualised)	18.51	7.79	9.01	24.26	12.70	24.29
Diluted E.P.S. for the period (not annualised)	17.89	7.79	8.71	24.26	12.10	24.29
Aggregate of non-promoter shareholding
a) No. of shares ( face value of Rs. 5/- each)	7076400	7076400	3507440	7076400	3507440	7076400
b) Percentage of shareholding	30.53	28.43	30.26	28.43	30.26	28.43

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. in crores)

Particulars	Nine Months Ended	Quarter Ended		Year Ended		Year Ended
	31-Dec-05	31-Mar-06	31-Mar-05	31-Mar-06	31-Mar-05	31-Mar-06
	(Un-audited)	(Audited)		(Audited)		(Audited)
Segment Revenue (Incl.Other Income)
a) Switchgear	207.66	122.19	56.31	329.85	217.93	329.85
b) Cable & Wire	325.43	140.03	93.02	465.46	307.24	465.46
c) Electrical Consumer Durables	186.53	87.97	43.57	274.50	131.51	274.50
d) Others	12.54	36.34	3.89	48.88	12.09	48.88
Sales/ Income from Operations	732.16	386.53	196.79	1118.69	668.77	1118.69
Segment Results (Profit(+)/Loss(-)before Tax and Interest from each Segment)
a) Switchgear	60.21	37.71	15.25	97.92	62.25	97.92
b) Cable & Wire	40.26	24.41	15.44	64.67	37.71	64.67
c) Electrical Consumer Durables	27.73	10.38	6.43	38.11	20.65	38.11
d) Other	(1.75)	(0.38)	(1.58)	(2.13)	(2.72)	(2.13)
Total	126.45	72.12	35.54	198.57	117.89	198.57
Less: (i) Interest	11.63	6.39	4.88	18.02	13.51	18.02
(ii) Other un-allocable expenditure net of un-allocable income	59.20	42.87	18.02	102.07	61.16	102.07
Total Profit before Tax	55.62	22.86	12.64	78.48	43.22	78.48
Capital Employed (Segment assets - Segment liabilities)
a) Switchgear	121.94	114.65	115.76	114.65	115.76	114.65
b) Cable & Wire	88.19	76.15	61.11	76.15	61.11	76.15
c) Electrical Consumer Durables	114.74	79.80	66.18	79.80	66.18	79.80
d) Others	6.34	23.33	25.50	23.33	25.50	23.33
Total	331.21	293.93	268.55	293.33	268.55	293.33

Notes:
1. The Hon'ble High Court of Delhi vide its order dated April 19, 2006, modified on May 03, 2006 approved the Scheme of Amalgamation between the Company and Crabtree India Limited effective from 1st April, 2005. As a result, the financial results of Crabtree India Limited are incorporated in the Company's results in the current quarter ended on March 31, 2006. Accordingly, the figures for the current period are not comparable with the previous corresponding period.

2. The figures of the previous year/ period have been regrouped and re-arranged wherever necessary.

3. Information on investors grievances for the quarter : (in Nos.) : Opening Balance - 0, New - 0, Disposal - 0, Closing Balance - 0

4. During the quarter, the Company allotted 1709090 Equity Shares of Rs.5/- each to M/s Shine Limited, Mauritius being a) 854545 equity shares allotted on account of conversion of 235-4% Unsecured Fully Convertible Debentures of Rs.10,00,000/- each at a premium of Rs.270/- per share and b) 854545 equity shares allotted as Bonus Shares in the ratio of 1:1.

5. The Meter business of the Company has been re-grouped under the heading 'Other Segment' as the contribution from Meter Division has come down below 10% of the total business of the Company.

6. Due to merger of Crabtree India Limited with Havells India Limited, the Modular Switches and Bath Fittings segment of Crabtree India Limited are grouped in Switchgear & Other products segments of Havells India Limited respectively.

7. The Board of Directors recommended a Final Dividend @50% for the financial year 2005-06 (i.e. Rs.2.50 per share of Rs.5/- each). This would results in appropriation of Rs.769 Lacs (including Corporate Dividend Tax of Rs.97.02 Lacs) out of the profits of the Company.

8. During the year, the Company has transferred its entire holding of Havells (UK) Limited on 3rd March, 2006. Accordingly, the Consolidated results upto 03-03-2006 are being adopted by the Board of Directors. Further, there being no operational income in the subsidiary company, segment wise results have not been consolidated.

9. Pursuant to the Merger of Crabtree India Limited with Havells India Limited, 1987805 equity shares of Rs.5/- each are allotted on 8th May, 2006 to the shareholders of Crabtree India Limited in the ratio of 100 equity shares of Rs.5/- each Havells India Limited for every 246 equity shares of Rs.10/- each of Crabtree India Limited held by them.

10. The above results including the consolidated results of its subsidiary company were reviewed by the Audit Committee and taken on record in the meeting of the Board of Directors held on May 18, 2006.

11. The basis and diluted EPS of all the previous period have been restated as per Accounting Standard -20 issued by the Institute of Chartertered Accoutant of India.

12. The Company has set up an industrial unit at Haridwar, Uttranchal to manufacutre Fans, CFLs and Lighting Fittings products of the Company. The Commercial prodction at the unit has started in October, 2005

For Havells India Limited


Noida, May 18,2006	Qimat Rai Gupta Chairman Cum Managing Director