Havells Q4FY20 earnings: What to watch?

Havells India on Tuesday will announce its results for the 4th quarter ended March 31, 2020 with the street expectations from one of India's largest electrical equipment manufacturers a tad weak. The revenues might decline by 10 percent, the margins are also expected to contract a bit so that the number comes in closer to 10.6 percent, which would mean a contraction of 90 basis points (bps). The profit after tax (PAT) is also expected to dip by around 11 percent.

Revenue seen (RD) 10 percent at Rs 2,500 crore vs Rs 2,752 crore

Revenue seen (RD) 10 percent at Rs 2,500 crore vs Rs 2,752 crore

Margin seen (RD) at 10.6 percent vs 11.7 percent

Profit After Tax seen (RD) 11 percent at  Rs 185 crore vs Rs 207 crore

To see impact of lower construction activity and higher competition

Expect switchgear, cables & lighting biz revenue to decline nearly 10 percent (YoY)

Expect Lloyd’s revenue to grow by 5-10 percent

Higher fixed costs will impact margins negatively

Demand scenario for key segments

Lloyd’s strategy for H2FY20 and upcoming summer season

Commodity inflation and pricing action