Page 2 - Bajaj Electricals

Bajaj Group tops Rs 10 trn m-cap; Key levels to watch out on major stocks

Among individual shares, Bajaj Finance and Bajaj Finserv look ripe for further upside, while Bajaj Auto may witness some consolidation in the near-term, hint charts.

Bajaj Electricals Q2 results: Net profit declines 56% to Rs 27.3 cr

Bajaj Electricals Ltd on Monday reported a 56 per cent decline in consolidated net profit to Rs 27.28 crore for the September quarter on account of weak consumer demand. The company had posted a net profit of Rs 62 crore in the July-September period a year ago, according to a regulatory filing. Its net sales declined 3.76 per cent to Rs 1,107.40 crore in the second quarter of the current fiscal as against Rs 1,150.77 crore in the year-ago period. "The company has achieved a stable performance amidst a weak consumer demand sentiment," its chairman Shekhar Bajaj said in an earnings statement. Bajaj Electricals' total expenses in the September quarter rose 1.2 per cent to Rs 1,097.11 crore. Its revenue from consumer products fell 2.86 per cent to Rs 857.57 crore as against Rs 882.87 crore in the corresponding quarter in the preceding fiscal year. Similarly, revenue from the lighting solutions segment declined 7.42 per cent to Rs 255.25 crore in comparison to Rs 275.73 crore a year .

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Bajaj Electricals Q1 results: Net profit declines 9.8% to Rs 37 crore

Bajaj Electricals Ltd on Thursday reported a 9.85 per cent decline in consolidated net profit at Rs 37.13 crore in the June quarter. The company had posted a net profit of Rs 41.19 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Its net sales were down 1.5 per cent to Rs 1,107.98 crore in the first quarter of the current fiscal as against Rs 1,124.88 crore in the year-ago period. Bajaj Electricals' total expenses were almost flat at Rs 1,079.02 crore during the quarter, while total revenue maintained its level from the previous year at Rs 1,132.04 crore. Its revenue from the consumer products segment was up 2.01 per cent at Rs 872.60 crore in the quarter under review as against Rs 855.36 crore last year. However, revenue from its lighting solutions segment was down 12.52 per cent to Rs 239.53 crore from Rs 273.83 crore in the June quarter last year. Bajaj Electricals has demerged its engineering, procurement and construction (EPC) business after appro

Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand

Consolidated net profit was 371.3 million rupees ($4.49 million) for the three months ended June 30, compared with 429.6 million rupees a year earlier

Nifty likely to hit 19,000 soon; support seen at 18,660

Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Surya Roshni and Bajaj Electricals.

Bajaj Electricals to increase its play in premium segment, says CEO Poddar

Bajaj Electricals is increasing its play in the premium range in appliances and other segments, and expects the revenue contribution from upscale products to rise as it has lined up several new launches, MD & CEO Anuj Poddar said. The company has recently launched a new brand 'Nex', which will target upscale urban consumers with its premium range of appliances. Despite a slowdown in some segments, Bajaj Electricals will have new product launches in the premium space and in Morphy Richards in the latter half of this year. Overall, as a company, it expects a lot more contribution coming from the premium segment, he said. "We are focusing on two things -- brand upliftment and product premiumisation -- by launching new products," Poddar told PTI. Both of these are helping the company grow market share and the Bajaj group firm will continue to focus on this strategy, he added. Over the current market scenario, Poddar further said there is a "demand slowdown" in the market for ...

Bajaj Electricals Q4 profit up 34% YoY to Rs 52 cr, total revenue rises 12%

Bajaj Electricals on Tuesday reported 34.08 per cent rise in consolidated net profit at Rs 51.85 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 38.67 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Revenue from operations was up at Rs 1,473.54 crore during the quarter under review as against Rs 1,293.26 crore in the year-ago period. Total expenses were at Rs 1,442.73 crore as compared to Rs 1,299.61 crore a year ago. The total revenue of Bajaj Electricals in March quarter 2023 was at Rs 1,522.11 crore, up 12.3 per cent from the year-ago period. Revenue from the consumer products segment was up 8.64 per cent at Rs 986.53 crore in the quarter. It was at Rs 907.99 crore a year ago. The lighting solutions segment contributed Rs 305.44 crore revenue as against Rs 302.30 crore in Q4 FY22. Revenue from engineering, procurement and construction (EPC) was up 59.75 per cent to Rs 198.14 crore in Q4 FY23. In the fi

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Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

Small Cap World Fund pares 2% stake in Bajaj Electricals for Rs 234 cr

Small Cap World Fund on Wednesday divested nearly 2 per cent stake in electrical equipment manufacturing company Bajaj Electricals for Rs 234 crore. According to the bulk deal data available with the BSE, Small Cap World Fund Inc offloaded more than 22.36 lakh shares, amounting to 1.94 per cent stake in the firm. The shares were sold at an average price of Rs 1,045 apiece, taking the transaction value to Rs 233.76 crore. Post the latest transaction, Small Cap World Fund's shareholding has reduced to 3.36 per cent from 5.30 per cent (as of March quarter) in the Mumbai-based firm. Shares of Bajaj Electricals settled 2.40 per cent higher at Rs 1,068.60 apiece on the BSE.

Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods

India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods

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HDFC Bank issues e-BG, AEBC appoints Sanjay Khanna as CEO, and more

This is a transformational change, and the Bank will migrate to eBG to benefit all its customers, the bank said

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Bajaj Electricals elevates Anuj Poddar as Managing Director, CEO

Consumer durable products maker Bajaj Electricals on Tuesday elevated its Executive Director Anuj Poddar to Managing Director and Chief Executive Officer (CEO). The company has separated the post of Chairman & Managing Director and its patron Shekhar Bajaj will continue as Executive Chairman of the company, said a statement from Bajaj Electricals. "The separation of the Chairman and Managing Director positions is in continuation of the professionalisation of the management of the company and marks the company's commitment to strong corporate governance standards," said Bajaj Electricals. This announcement comes on the back of the ongoing transformation journey and keeping in mind the company's long-term strategy, it added. "Over the last three years, Bajaj Electricals has undertaken multiple initiatives, including strengthening of the leadership, streamlining of its corporate structure, the turnaround of its performance and balance sheet and the planned demerger of the EPC ...

Bajaj Electricals Q1 net profit at Rs 41.19 cr; sales up 42% to Rs 1,202 cr

The company had posted a net loss of Rs 24.97 crore during the April-June quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing.

Beaten down consumer durables still weak; Bajaj Electricals may buck trend

Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.

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Bajaj Electricals Q4FY22 consolidated net profit down 29% at Rs 39 crore

But total revenue from operations was up 6.02 per cent at Rs 1,334.32 crore during the quarter under review as against Rs 1,258.47 crore in the year-ago period

Bajaj Electricals extends licence pact with Morphy Richards for 15 years

Morphy Richards is part of the Irish international electrical appliances group Glen Dimplex