Havells India shares tumble 14% after Q2 earnings

Shares of shopper electrical items maker Havells India on Thursday tumbled 14 per cent after the corporate reported a 7.34 per cent decline in its consolidated internet revenue for the quarter ended on September 30, 2021.
The inventory tanked 9.99 per cent to Rs 1,264.85 on BSE.
On NSE, it tumbled 13.96 per cent to Rs 1,210.30.
Havells India on Wednesday reported a 7.34 per cent decline in its consolidated internet revenue to Rs 302.39 crore for the quarter ended on September 30, 2021, in comparison with Rs 326.36 crore within the year-ago quarter.
Its income from operations rose by 31.65 per cent to Rs 3,238.04 crore in the course of the interval beneath assessment as towards Rs 2,459.49 crore within the corresponding interval of the final fiscal.