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

AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED
MARCH 31, 2007

(Rs. in million)

Particulars	Nine Months Ended	Quarter Ended		Year Ended		Consolidated Results
	31-Dec-06	31-Mar-07	31-Mar-06	31-Mar-07	31-Mar-06	31-Mar-07	31-Mar-06
	(Unaudited)	(Audited)		(Audited)		(Audited)
Net Sales	11069.03	4403.16	2994.89	15472.19	10035.26	15472.19	10035.26
Other Income	28.68	25.55	17.98	54.23	35.29	54.31	35.89
Total Income	11097.71	4428.17	3012.87	15526.42	10070.55	15526.50	10071.15
Total Expenditure	10048.96	4013.18	2726.89	14062.14	9040.47	14062.52	9039.92
a) Increase/Decrease in Stock in trade	(-747.73)	184.51	(-71.76)	(-563.22)	(-387.3)	(-563.22)	(-387.03)
b) Consumption of raw material	7471.63	2678.59	1793.85	10150.22	6208.64	10150.22	6208.64
c) Staff Cost	378.02	112.76	100.12	490.78	389.63	490.78	389.60
d) Other expenditure	2947.04	1037.32	904.68	3984.36	2829.53	3984.74	2828.98
Interest	114.39	47.06	53.54	161.45	179.62	161.45	180.19
Depreciation	67.33	30.09	19.38	97.42	65.38	97.42	65.38
Profit before taxation	867.03	338.38	213.06	1205.41	785.08	1205.11	785.66
Provision for Taxation
- Income Tax	106.5	39.50	17.08	146.00	123.98	146.00	123.98
- Fringe Benefit Tax	12.05	2.49	3.96	14.54	12.44	14.54	12.44
- Deferred Tax	21.37	1.61	4.54	22.98	16.36	22.98	16.36
- Wealth Tax	0.00	0.36	0.23	0.36	0.23	0.36	0.23
Net Profit	727.11	294.42	187.25	1021.53	632.07	1021.23	632.65
Paid up Capital	268.79	268.79	124.46	268.79	124.46	268.79	124.46
Pending Allotment	0.00	0.00	9.94	0.00	9.94	0.00	9.94
Reserves (excluding revaluation reserves)	---	---	---	2355.56	1625.66	2355.27	1625.66
Basic E.P.S. for the period (not annualised)	13.53	5.48	3.49	19.00	12.13	19.00	12.14
Diluted E.P.S. for the period (not annualised)	13.53	5.48	3.49	19.00	12.13	19.00	12.14
Aggregate of Public shareholding
a) No. of shares ( face value of Rs. 5/- each)	17570980	17570980	8785490	17570980	8785490	17570980	8785490
b) Percentage of shareholding	32.69	32.69	35.30	32.69	35.30	32.69	35.30

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. in million)

Particulars	Nine Months Ended	Quarter Ended		Year Ended
	31-Dec-06	31-Mar-07	31-Mar-06	31-Mar-07	31-Mar-06
	(Un-audited)	(Audited)		(Audited)
Net Segment Revenue (Incl. Other income)
a) Switchgear	2926.56	1133.06	805.57	4059.62	3059.81
b) Cable & Wire	4826.02	1978.92	1221.48	6804.94	4045.9
c) Electrical Consumer Durables	2848.21	1151.28	857.58	3999.49	2532.74
d) Others	496.92	165.45	128.24	662.37	430.10
Net Sales/ Income from Operations	11097.71	4428.71	3012.87	15526.42	10070.55
Segment Results (Profit(+)/Loss(-)before Tax and Interest from each Segment)
a) Switchgear	946.94	330.10	283.97	1277.04	979.19
b) Cable & Wire	703.95	204.85	244.11	908.80	646.73
c) Electrical Consumer Durables	377.41	126.11	103.80	503.52	381.13
d) Other	(16.63)	(1.30)	(-29.63)	(15.33)	(-21.32)
Total	2044.93	659.76	602.25	2704.69	1985.73
Less: (i) Interest	114.39	47.06	53.54	161.45	179.62
(ii) Other un-allocable expenditure net of un-allocable income	1063.51	274.32	335.65	1337.83	1021.03
Total Profit before Tax	867.03	338.38	213.06	1205.41	785.08
Capital Employed (Segment assets - Segment liabilities)
a) Switchgear	1296.21	1212.92	1152.73	1212.92	1152.73
b) Cable & Wire	734.34	967.68	765.92	967.68	765.92
c) Electrical Consumer Durables	839.11	592.57	800.53	592.57	800.53
d) Others	468.32	530.06	234.67	530.06	234.67
Total	3337.98	3303.23	2953.85	3303.23	2953.89

Notes:
1. The Board of Directors recommended a Final Dividend @50% for the financial year 2006-07 (i.e. Rs.2.50 per equity share of Rs.5/- each). This would result in appropriation of Rs.157.24 millilons (including Corporate Dividend Tax of Rs.22.84 million) out of the profits of the Company.

2.The basic and diluted EPS of all the previous periods have been restated and adjusted for bonus issue as per Accounting Standard -20 issued by the Institute of Chartered Accoutants of India.

3.The Company acquired the SLI Sylvania business by acquiring 100% shares of three companies; i) SLI Lighting Products, Inc.; ii) SLI Europe BV; and iii) Lighthouse Investment Holdings Limited through its subsidiaries. The said transaction was completed in last week of April, 2007. - 0

4.The financial accounts of the subsidiaries namely; i) Havells Cyprus Ltd.; ii) Havells Holdings Ltd.; iii) Havells Malta Ltd.; iv) Havells Netherlands Holding B.V.; and v) Havells Netherlands B.V., are included in consolidation related to the period from the date of their incorporation to 31st March 2007 while figures for the previous year includes the financial statements of Havells (U.K) Limited upto the date of its cessation i.e 3.3.2006. Therefore the figures for the previous year may not be strictly comparable with those of the current year.

5. The Company has set up an industrial unit at Noida for Electrical Capacitor, the commercial production of the unit has started in February, 2007.
6. Information on investors correspondences for the quarter : (in Nos.) : Opening Balance - 0, New - 44, Disposal - 44, Closing Balance - 0

7. Figures of the previous year/ period have been re-grouped / re-arranged wherever necessary.

8. The above results including the consolidated results of its subsidiary companies were reviewed by the Audit Committee and taken on record in the meeting of the Board of Directors held on May 15, 2007.

For Havells India Limited


Noida, May 15, 2007	Qimat Rai Gupta Chairman Cum Managing Director