Bajaj Electricals reports Rs 6.4 crore net loss for Q1; revenue rises 40%

According to the company, it generated positive cashflow from operations of Rs 39 crore and its net debt stood at Rs 656 cr

Mumbai-based Bajaj Electricals today reported a Rs 6.4 crore net loss for the April-June quarter. The firm’s bottomline, however, improved on year-on-year (YoY) basis as it cut down on its quarterly losses. In the corresponding quarter last year, it had posted Rs 27 crore net loss. 

Bajaj’s operating revenue grew 40 per cent YoY to Rs 852.8 crore on a low base of Rs 607.8 crore. However, it fell 32 percent sequentially from Rs 1,255 crore in the March quarter. Its bottomline shrank significantly from Rs 56 crore net profit that it had posted in the previous quarter.

In the quarter, revenue