Havells India reported a fall of 11.01% in net profit for the quarter ended Mar. 31, 2015, due to higher tax expenses. During the quarter net profit stood at Rs 1.22 billion for the quarter ended Mar. 31, 2015 as compared to Rs 1.37 billion in the same period last year.

The company saw an increase of 3% in total income to Rs 13.49 billion from Rs 13.10 billion in the same quarter last year.

Tax expenses for the quarter stood at Rs 494.20 million, up from Rs 315.90 million in the same period last year.

Shares of the company gained Rs 13.5, or 4.84%, to trade at  Rs 292.20.  The total volume of shares traded  was  352,472 at the BSE (1.46 p.m., Monday).