Thursday, August 6, 2015

Bajaj Electricals posts 3-fold rise in net profit

Bajaj Electricals has reported over three-fold increase in net profit at Rs. 20.34 crore for the quarter ended June 30, 2015.

The company had posted a net profit of Rs. 5.63 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. 1,005.86 crore, up 13.95 per cent, against Rs. 882.71 crore in the same quarter of the last fiscal, it added.

During the quarter, Bajaj Electricals’ revenue from lighting segment increased by 20.33 per cent to Rs. 202.93 crore, while revenue from consumer durables segment declined by 5.70 per cent to Rs. 475.81 crore.

Engineering and projects division reported a revenue of Rs. 330.23 crore during the quarter, a jump of 54.14 per cent.

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