Consumer electronics major Bajaj Electricals reported a net profit of ₹41 crore in the first quarter of the current fiscal against a net loss of ₹25 crore in the same period last year.
Revenue from operations surged 43 per cent to ₹1,229 crore (₹857 crore). The company generated positive cashflow from operations of ₹165 crore and surplus investments were at ₹254 crore.
Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals, said despite the pressures of commodity inflation and demand slowdown the company managed to post a ‘stable performance’. EPC has delivered positive EBIT for the current quarter coupled with strong focus on collection of receivables.
The company’s order book was at ₹913 crore as of June-end.. The company launched 23 products in the consumer durables segment and 85 in the illuminations business.