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123	123	* Cables business reported revenue of INR 682 crores in Q4 FY20 as against INR 898 crores in the corresponding quarter previous year.
124	124	* Lloyd reported revenue of INR 458 crores in Q4 FY20 as compared to INR 532 crores in Q4 FY19.
125	125
	126	+**Havells Q3 net profit surges 74.5% YoY on consumer business growth**{{footnote}}https://www.moneycontrol.com/news/business/havells-q3-net-profit-surges-74-5-yoy-on-consumer-business-growth-6372431.html{{/footnote}}
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	128	+**January 20, 2021**; Electrical goods firm Havells posted a 74.5 percent year-on-year (YoY) growth in its Q3FY21 (December quarter) consolidated net profit at Rs 350.14 crore.
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	130	+This was on the back of a strong growth in its topline, lead by Lloyd, electrical consumer durables and switchgears business.
	131	+
	132	+Total income grew by 40 percent YoY in Q3 to Rs 3,214.24 crore. Meanwhile, Lloyd revenue grew by 70.2 percent YoY to Rs 511.56 crore in the third quarter.
	133	+
	134	+Havells-backed Lloyd, widely known for its air-conditioners, entered the refrigerator category at the end of September 2020.
	135	+
	136	+Among the other business segments, switchgears saw a 32 percent YoY growth to Rs 437 crore in Q3. Electrical consumer durables saw a 46 percent YoY growth to Rs 783 crore. Lighting/fixtures business saw a 28 percent Yo growth to Rs 353 crore.
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	138	+
	139	+The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 16 percent in Q3FY21 compared to 11.8 percent in the year-ago period.
	140	+
	141	+This is because EBITDA grew to Rs 508 crore in Q3, showing an 89 percent YoY growth.
	142	+
	143	+In its investor presentation, Havells said that the encouraging business performance with growth across divisions and regions led by an improvement in consumer sentiment and festive season.
	144	+
	145	+It added that there was an increased penetration in smaller towns and a higher rural reach. The supply chain disruption faced by suppliers with high import dependence have further supported market share gains, added the company.
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	147	+Havells has also declared an interim dividend of Rs 3 per equity share. This will be payable to all those shareholders whose names appear in the register of members as on January 21, 2021.
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	149	+
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128	128	= Recent developments =