Companies

Bajaj Electricals Q2 profit lower at Rs 11.26 cr

PTI New Delhi | Updated on January 22, 2018

Bajaj Electricals today reported a standalone net profit of Rs 11.26 crore for the second quarter ended September 30.

The company had registered a net loss of Rs 14.21 crore in the same quarter of the previous fiscal, Bajaj Electricals said in a BSE filing.

Net sales during the period under review stood at Rs 1,120.85 crore, up 9.08 per cent against Rs 1,027.51 crore in the same quarter of last fiscal, it added.

During the quarter, Bajaj Electricals’ revenue from lighting segment increased 16.76 per cent to Rs 263.83 crore, while revenue from consumer durables segment declined 3.90 per cent to Rs 447.53 crore from Rs 465.74 crore during July—September quarter of last fiscal.

The engineering and projects division reported revenue of Rs 415.99 crore during the quarter, up 23.33 per cent from Rs 337.29 crore in the year—ago period.

For the six months ended September 30, Bajaj Electricals posted a standalone net profit of Rs 31.60 crore.

Its net sales during the first half of the current fiscal was up 11.33 per cent to Rs 2,126.71 crore from Rs 1,910.22 crore in the same period a year ago.

Shares of Bajaj Electricals were trading at Rs 239.45 per scrip, down 5.80 per cent from previous close on BSE.

Published on November 05, 2015

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