Financial Daily from THE HINDU group of publications
Wednesday, Jun 16, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jun 16, 2004 |
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Corporate Results
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Electrical Goods Bajaj Electricals nets Rs 11.36 cr, to pay 10 pc Our Bureau
Mumbai , June 15 BAJAJ Electricals Ltd has reported a net profit of Rs 11.36 crore for the last fiscal, as against a loss of Rs 9.80 crore in the previous year. After a gap of two years, the board of directors of the company has recommended an equity dividend of 10 per cent on the enhanced capital after the rights issue. The company's revenue from operations touched Rs 503 crore during the year, as against Rs 433 crore in the previous year, registering an increase of 16 per cent. "Our focus was on achieving a turnaround in performance by aiming for sustainable profitable growth through a better control of operating expenses, improving margins, reducing working capital and certain fixed costs," Mr Shekhar Bajaj, the company's Chairman and Managing Director, commented. He pointed out that the company had improved its market share in various segments such as fans, appliances, luminaries and engineering & projects during the year, backed by aggressive marketing efforts and introduction of new models.
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