Lava International Limited Financial Results 2021
Lava International is an Indian multinational electronics company that manufactures smartphones, laptops, computer hardware, and consumer electronics. It was founded in 2009 as an offshoot of a telecommunication venture. It is headquartered in Noida, Uttar Pradesh, India, and has overseas operations in Thailand, Nepal, Bangladesh, Sri Lanka, Indonesia, Mexico, the Middle East, Pakistan and Russia. The company started its Africa operations by launching its product in Egypt in 2016.
Lava is working towards establishing a mobile phone design centre in India and setting up new manufacturing facilities. The company has an in-house R&D and product-testing set-up in China and India for product design and development.
Lava International Limited Financial Results 2020
Total income of the company has been increased by 3.1% from INR 5,111 Cr. in 2019 to INR 5,269.3 Cr. in 2020. Also, company's PAT has been increased at the rate of 47.3% from INR 73.2 Cr. in 2019 to INR 107.8 Cr. in 2020. PBT has been increased at the growth rate of 56% from INR 81.2 Cr. in 2019 to INR 126.6 Cr. in 2020. EPS has also been increased at the rate of 47.3% from INR 5.9 in 2019 to INR 8.6 in 2020.