Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results

Audit Opinion:

Clean (Unmodified). The limited review report from Price Waterhouse & Co Chartered Accountants LLP states that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Auditor’s Comment:

The consolidated unaudited financial results include interim financial information of four subsidiaries (Havells Guangzhou International Limited, Havells International Inc., Havells HVAC LLC, Havells Lighting LLC) which have not been reviewed by their auditors. These subsidiaries reflect total assets of ₹109.21 crores and net assets of ₹71.26 crores as at September 30, 2026, and total revenue of ₹21.89 crores (Q2) and ₹36.10 crores (H1), with net loss after tax of ₹4.78 crores (Q2) and ₹10.82 crores (H1). Management considers these interim financials not material to the Group.

Key Financial Highlights [₹ crores]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹6,416.62 (vs ₹4,766.63 in Q2 FY25, +35% YoY; vs ₹6,509.97 in Q1 FY26, -1% QoQ)
  • Total Income: ₹6,449.18
  • Net Profit: ₹362.83 (vs ₹317.48 in Q2 FY25, +14% YoY; vs ₹298.43 in Q1 FY26, +22% QoQ)
  • EPS: ₹5.62 (Basic and Diluted)

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹12,926.59 (vs ₹10,204.44 in H1 FY25, +27% YoY)
  • Total Income: ₹13,013.28
  • Net Profit: ₹651.26 (vs ₹669.82 in H1 FY25, -3% YoY)
  • EPS: ₹10.38 (Basic), ₹10.37 (Diluted)

Standalone Balance Sheet as at September 30, 2026:

  • Other Equity: ₹9,739.43 crores (vs ₹9,413.56 crores as at March 31, 2026)
  • Cash and Cash Equivalents: ₹475.78 crores (vs ₹778.12 crores as at March 31, 2026)
  • Total Debt: Not explicitly disclosed as a line item. Financial liabilities (non-current + current) are minimal.

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹6,431.99
  • Total Income: ₹6,464.60
  • Net Profit: ₹349.22
  • Net Profit attributable to owners of the parent: ₹349.52
  • EPS: ₹5.57 (Basic and Diluted)

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹12,950.18
  • Total Income: ₹13,036.95
  • Net Profit: ₹638.93
  • Net Profit attributable to owners of the parent: ₹639.90
  • EPS: ₹10.20 (Basic), ₹10.19 (Diluted)

Consolidated Balance Sheet as at September 30, 2026:

  • Other Equity: ₹9,710.12 crores
  • Cash and Cash Equivalents: ₹501.09 crores

Segment-wise Performance [₹ crores]:

Effective April 1, 2026, the Company revised its reportable segments, introducing 'Renewables' and reclassifying businesses from 'Others' and 'Switchgears'. Water Purifier and Personal Grooming businesses were reclassified to 'Electrical Consumer Durables'.

Standalone Segment Revenue (Q2 FY26):

  • Switchgears: ₹781.74
  • Cables: ₹2,998.90
  • Lighting & Fixtures: ₹449.04
  • Electrical Consumer Durables: ₹1,072.11
  • Lloyd Consumer: ₹614.50
  • Renewables: ₹329.16
  • Others: ₹171.17

Standalone Segment Result (Q2 FY26):

  • Switchgears: ₹198.44
  • Cables: ₹304.26
  • Lighting & Fixtures: ₹45.94
  • Electrical Consumer Durables: ₹66.95
  • Lloyd Consumer: (₹103.65) [Loss]
  • Renewables: ₹27.25
  • Others: ₹10.49

Corporate Actions:

  • Dividend: The cash flow statement indicates a dividend paid of ₹376.60 crores during H1 FY26 (vs ₹376.32 crores in H1 FY25). The specific dividend declaration for the period is not detailed in the provided data.
  • No share split, bonus issue, buyback, or capital raising mentioned in the provided data.

Other Significant Information:

  • Exceptional Item: Pursuant to the 'New Labour Codes' notified in November 2025, an incremental employee benefit liability of ₹45.03 crores was recognized as an exceptional item in FY 2025-26.
  • Other Income (Prior Periods): Other Income for Q2 and H1 FY25 included a one-time gain of ₹45.27 crores on the sale of the Faridabad facility's land and building. Other income for FY 2025-26 included a fair value gain of ₹282.74 crores on investment.
  • Cash Flow: Standalone operating cash flow was an outflow of ₹156.87 crores for H1 FY26 (vs outflow of ₹370.17 crores in H1 FY25). This was primarily due to an increase in inventories (₹593.60 crores) and a decrease in trade payables (₹133.20 crores).