Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Bajaj Electricals Ltd. Net Profit Surges by 97.8%

Posted On: 2018-08-09 13:08:20

Bajaj Electricals Ltd has declared its results for the first quarter ended 30th June, 2018.

For the first quarter of 2018—19, the Company has achieved Sales/income from operations of Rs.1139.93 Cr, an increase of 10.7% over the first quarter of the previous year. PET and PAT for the quarter have been Rs. 62.29 Cr and Rs. 40.53 Cr respectively, as against Rs. 32.75 Cr and Rs. 20.50 Cr in the corresponding quarter ofthe previous year.

For the quarter, Consumer Products segment of the Company has earned total revenue of Rs. 596.86 Cr as against Rs. 469.53 Cr, showing growth of 27.1% (Volume growth of approx. about 35%) over the corresponding previous quarter. EPC segment, however, has achieved a total revenue of Rs. 542.96 Cr, registering a marginal de—growth of 3.0% (Volume growth of approx. 5%) over the corresponding quarter of the previous year.

Mr. Shekhar Bajaj, Chairman and Managing Director of Bajaj Electricals Limited, said "Consumer Products segment has registered a splendid performance in terms of top line growth and improvement in margins. Revenue has grown by 27.1% driven by strong growth in LED products, Fans and certain Kitchen and Domestic Appliances. Consequently the margins have improved substantially to 7.0% as against 0.7% in the corresponding previous quarter. Consistent improvement in performance is a clear indication that the company has started reaping benefits of Range and Reach Expansion Programme (RREP) implementation and is well poised for good future ahead.

EPC Segment has registered a marginal growth during the quarter. However, costs incurred towards initial set up of infrastructure for new orders received for Power Distribution in the State of Uttar Pradesh, has impacted the margins of this segment, as there is no corresponding revenue against these cost. The execution of these new orders has already commenced, which would boost the revenue of the segment in the coming quarters.

The current order book stands at Rs. 7657 Cr, comprising of Rs. 1287 Or for Transmission Line Towers; Rs. 6151 Cr for Power Distribution; and Rs. 219 Cr for Illumination Projects."

Shares of BAJAJ ELECTRICALS LTD. was last trading in BSE at Rs.623.05 as compared to the previous close of Rs. 618.15. The total number of shares traded during the day was 39433 in over 1037 trades.

The stock hit an intraday high of Rs. 628 and intraday low of 612.25. The net turnover during the day was Rs. 24497908.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

TECIL Chemicals & Hydro Power Ltd calls for board meeting on Oct 26, 2018

Hester Biosciences Ltd board to consider Q2 results on Oct 29, 2018

IP Rings Ltd calls for board meeting on Nov 1, 2018

Majesco Ltd board to announce Q2 FY19 results on Nov 5, 2018

Havells India Ltd Q2 net profit climbs to Rs. 178.62 crores

Wall Street Finance Ltd board to consider Q2FY19 results on Nov 1, 2018

Varun Beverages Ltd board to announce second quarter results on Ot 25, 2018

Diamines & Chemicals Ltd board to approve 2nd quarter results on Oct 26, 2018

Cochin Minerals & Rutile Ltd calls for board meeting on Nov 14, 2018

Thangamayil Jewellery Ltd board to consider Q2 results on Nov 9, 2018

Cyient Ltd Board declares Interim Dividend of Rs. 6 for 2018-19

Solara Active Pharma Sciences Ltd board to approve Q2 results on Oct 30, 2018

Google Pixel 3 and 3XL come to Airtel Online Store

Ramco Systems teams up with Airbus Helicopters

ATV Projects India Ltd calls for board meeting on Oct 29, 2018

iGTB Oxford School of Transaction Banking Huge Success on First-Time Visit to Asia

ABB wins Rs. 115 crore transformer order from Indian Railways

Mindtree Ltd Q2 FY19 net profit surges to Rs. 206.3 crores

Cyient Ltd Q2 FY19 net profit up at Rs. 127 crores

Responsive Industries Ltd Q2FY19 PAT zooms to Rs. 18.40 crores

Aditya Birla Money Ltd Q2 consolidated net profit higher at Rs. 2.36 crore

NIIT Technologies Q2FY2019 PAT up 66.3% YoY

Sayaji Industries Ltd board to consider Q2 results, stock split

GP Petroleums Ltd board to approve second quarter results on Oct 29, 2018

Excel Crop Care Ltd board to announce 2nd quarter results on Nov 2, 2018

Mahindra and Ford Sign Agreements on Powertrain Sharing and Connected Car Solutions

Zydus receives final approval from the USFDA for Clobetasol Propionate Cream

I-Power Solutions India Ltd to consider amalgamation

Quess Corp Ltd board to consider Q2 results on Oct 25, 2018

SQS India BFSI Ltd board to consider second quarter results on Oct 25, 2018

Ballarpur Industries Ltd board to approve quarterly results on Oct 29, 2018

Rama Phosphates Ltd launches new product

D B Realty Ltd board to consider 2nd quarter results on Oct 26, 2018

Larsen & Toubro Ltd board to announce Q2 results on Oct 31, 2018

Sutlej Textiles & Industries Ltd board to approve Q2 results on Nov 13, 2018

JSL Industries Ltd calls for board meeting on Oct 26, 2018

Security and Intelligence Services India Ltd to acquire 80% in Rare Hospitality

PVR Ltd board to consider Q2 FY19 results on Oct 25, 2018

Salzer Electronics Ltd board to announce Q2, H1 FY19 results on Oct 27, 2018

Creative Eye Limited's prestigious serial 'ISHQ SUBHAN ALLAH' wins award

TVS Electronics Ltd board to consider second quarter results on Nov 2, 2018

TRF Ltd board to approve 2nd quarter results on Oct 26, 2018

Power Finance Corporation Ltd board to announce Q2 results on Nov 2, 2018

Sequent Scientific Ltd calls for board meeting on Nov 2, 2018

Sang Froid labs India Limited receives drug licence

Sonata Software Ltd fixes Nov 14, 2018 as record date for interim dividend

NIIT Technologies Ltd Q2 consolidated PAT rises to Rs. 116.7 crores

VST Industries Ltd board to announce 2nd quarter results on Nov 1, 2018

Foseco India Ltd calls for board meeting on Oct 26, 2018

Aurionpro signs Strategic Investment Deal in the Smart Transport System Domain







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018