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Bajaj Electricals reports net loss of Rs 16.6 cr for Q1 on lower income

Its total income during the quarter under review stood at Rs 615.34 crore, down 53.3 per cent, as against Rs 1,317.99 crore in the corresponding quarter last fiscal

Bajaj Electricals, Bajaj
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The company had posted a net profit of Rs 13.70 lakh in the April-June quarter a year ago

Press Trust of India
Bajaj Electricals on Tuesday reported a consolidated net loss of Rs 16.60 crore for the first quarter ended June 30, 2020, on account of lower income.

The company had posted a net profit of Rs 13.70 lakh in the April-June quarter a year ago, it said in a BSE filing.

Its total income during the quarter under review stood at Rs 615.34 crore, down 53.3 per cent, as against Rs 1,317.99 crore in the corresponding quarter last fiscal.

Bajaj Electricals said, due to the outbreak of Covid-19, the company's operations have also been impacted in the months of March 2020,