Bajaj Electricals Q3 net profit falls 19%

Bajaj Electricals today reported 19.09% decline in net profit for the quarter ended December 31, at Rs 32.84 crore.

The company had posted net profit of Rs 40.59 crore in the corresponding period last financial year, Bajaj Electricals said in a filing to the Bombay Stock Exchange (BSE).

The total income during the third quarter, however, increased by 15.09% to Rs 793.64 crore from Rs 689.57 crore in the year-ago period, it added.

The shares of the company today closed 1.90% down at Rs 170.75 apiece on the BSE.