Bajaj Electricals has reported 10.36 per cent decline in net profit at Rs 20.50 crore for the first quarter ended June 30, 2017.The net profit stood at Rs 22.87 crore in April-June period a year-ago, Bajaj Electricals said in a BSE filing.
However, its total income from operations was up 7.30 per cent at Rs 1,029.41 crore against Rs 959.36 crore in the year-ago period. Total expenses were at Rs 1,007.15 crore, up 8.01 per cent, against Rs 932.43 crore.
During the quarter, Bajaj Electricals’ revenue from consumer products segment was down 14.28 per cent at Rs 469.53 crore against Rs 547.78 crore in June quarter of last fiscal. Its EPC segment revenue was up 36.06 per cent at Rs 559.83 crore (Rs 411.44 crore).
Bajaj Electricals stock was trading at Rs 330.60, up 0.47 per cent on the BSE.
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