You are here: Home » Companies » Results
Business Standard

Bajaj Electricals third quarter net profit surges to Rs 98 crore

The firm was helped by a strong growth in its consumer products business

Topics
Bajaj Electricals | Consumer Products | Q3 results

Press Trust of India  |  New Delhi 

Bajaj Electricals
Representational image of Bajaj Electricals

on Thursday reported a multifold increase in consolidated net profit at Rs98.19 crorefor the third quarter ended December 31, 2020 helped by a strong growth in its business.

The company had posted a net profit of Rs9.37crore in the year-ago period, said in a regulatory filing.

Total revenue from operations was up16.85per cent to Rs1,500.14crore during the quarter under review as against Rs1,283.86crore in the corresponding period of the previous fiscal year.

Total expenses were at Rs1,388.80crore in third quarter as against Rs1,274.91crore earlier.

The business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices and has delivered its highest ever quarterly EBIT of Rs. 142 crore. Our EPC segment has reduced its loss, while continuing to focus on execution and working capital, Bajaj Electricals' Chairman and Managing Director Shekhar Bajaj said.

The company's revenue from consumer product segment was up34.02 per centat Rs1,152.83crore as against Rs 860.21crore.

However, revenue from engineering, procurement and construction (EPC) segment was down18per cent to Rs347.18crore as against Rs423.45crore a year ago.

Shares of on Thursday settled at Rs767.90 apiece on BSE, up 4.18 per cent from the previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 04 2021. 17:57 IST
RECOMMENDED FOR YOU