Bajaj Electricals slumps after reverse turnaround in Q4

Bajaj Electricals lost 11.75% to Rs 326 at 14:12 IST on BSE after the company reported a net loss of Rs 10.65 crore in Q4 March 2014 as against net profit of Rs 0.63 crore in Q4 March 2013.

Meanwhile, the S&P BSE Sensex was down 185.95 points or 0.76% at 24,370.14

On BSE, so far 1.71 lakh shares were traded in the counter as against average daily volume of 51,758 shares over the past one quarter.

The stock hit a high of Rs 374.85 and a low of Rs 325 so far during the day. The stock had hit a record high of Rs 384.80 on 13 December 2012 and a 52-week low of Rs 149.85 on 7 August 2013.

The stock had outperformed the market over the past one month till 28 May 2014, rising 21.49% compared with 8.50% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 50.78% as against Sensex's 16.27% rise.

The company has an equity capital of Rs 20.02 crore. Face value per share is Rs 2.

Bajaj Electricals' total income from operations (net) rose 15.4% to Rs 1270.97 crore in Q4 March 2014 over Q4 March 2013.

Bajaj Electricals reported a net loss of Rs 5.31 crore in the year ended 31 March 2014 as against net profit of Rs 51.21 crore in the year ended 31 March 2013. Total income from operations (net) rose 19.31% to Rs 4029.83 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

Bajaj Electricals' board of directors at its meeting held today, 29 May 2014 recommended dividend of Rs 1.50 per share for the year ended 31 March 2014.

Bajaj Electricals is an electrical equipments manufacturing company. It has diversified interests in lighting, luminaries, appliances, fans, LPG based generators, engineering and projects. Its main domains are lighting, consumer durables, engineering and projects.

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