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Bajaj Electricals Ltd has posted a nine per cent rise in net profit at 12 crore (Rs 11 crore) for the quarter ended June, 2012.
Net income from operations rose 22 per cent to Rs 666 crore (Rs 544 crore).
Mr. Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals, said: “In the first quarter of the year 2012-13, the company has made a good beginning, with the lighting segment continuing its good work with a top line growth of 19.6 per cent, whereas consumer durable segment has also performed well registering a growth of 28.8 per cent. However, market conditions such as commodity prices, volatility and exchange rate fluctuations have pushed up the purchase price of the products and have therefore impacted the margins of both the segments.”
At 2.15 pm, the company scrip was trading 4.74 per cent down at Rs 173.65 on the BSE.
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