Comments
Bajaj Electricals has posted a nine per cent rise in net profit at Rs 25 crore (Rs 23 crore) for the second quarter ended September 30, 2011.
Net sales increased 19 per cent to Rs 701 crore (Rs 588 crore).
During the quarter, the lighting and consumer durable segments logged Rs189 crore and Rs 339 crore, registering a growth of 25 per cent and 21 per cent, while the engineering and project segment was up 10 per cent at Rs 171 crore.
Mr Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals, said, “The company has managed top line growth of 19.2 per cent during the quarter. The lighting segment has done particularly well with good top line growth and improved margins.
“With second half of the year being the peak season, the company expects an improved performance with better margins. Market conditions though remain tough with competitive pressures and commodity price volatility.”
On Tuesday, the company scrip on BSE was marginally down at Rs 194.70.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.