ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » Companies News

Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore

For the entire 2018-19, Bajaj Electricals' net profit was almost up twofold to Rs 167.07 crore as against Rs 83.62 crore over the previous year.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore
Bajaj Electricals total expenses stood at Rs 1,755.35 crore as against Rs 1,495.61 crore, up 17.36 per cent. Photo: Bajaj Electricals Official Website

Bajaj Electricals Ltd Wednesday reported over twofold jump in its standalone net profit to Rs 28.54 crore for the March 2019 quarter helped by improvement in margins in the consumer durable segment. The company had reported a net profit of Rs 7.31 crore in the January-March quarter a year ago due to a tax demand of Rs 11.58 crore, Bajaj Electricals said in a BSE filing. Its total income during the period rose 10.37 per cent to Rs 1,772.94 crore, against Rs 1,606.27 crore in the corresponding period of the previous fiscal.

Bajaj Electricals total expenses stood at Rs 1,755.35 crore as against Rs 1,495.61 crore, up 17.36 per cent. "Profit before tax and profit after tax for the quarter were at Rs 43.86 crore and Rs 28.54 crore as against Rs 43.85 crore and Rs 7.31 crore in the corresponding quarter of the previous year, respectively," the company said in a statement. Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said the consumer products segment continued to reap the benefits of the Range and Reach Expansion Programme (RREP), registering a good growth with improvement in margins.

"Operating profit has grown by 22.3 per cent to Rs 45.95 crore from Rs 37.63 crore, with improvement in operating margins from 5.8 per cent to 6.2 per cent. The segment is expected to continue its good performance in the future years as well," he said. Its revenue from consumer products during the quarter was Rs 741.03 crore, up 14.95 per cent as against Rs 644.64 crore. EPC (engineering, procurement and construction) increased 7.31 per cent to Rs 1,031.84 crore, compared with Rs 961.48 crore a year ago.

For the entire 2018-19, Bajaj Electricals' net profit was almost up twofold to Rs 167.07 crore as against Rs 83.62 crore over the previous year. Its total sales were at Rs 6,673.14 crore in 2018-19, up 41.48 per cent as against Rs 4,716.39 crore in the previous year. Meanwhile, in a separate filing, Bajaj Electricals told the BSE that its board in a meeting on Wednesday appointed Rajiv Bajaj as an additional director with immediate effect from May 22. Its board also recommended a dividend of Rs 3.50 per share of a face value of Rs 2 each for the financial year ended March 31.

Shares of Bajaj Electricals Ltd on Wednesday fell by Rs 11.60, or 2.07 per cent, to close at Rs 550 apiece on the BSE.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bajaj Electricals
Written By: PTI
Updated: Wed, May 22, 2019
05:00 pm
New Delhi, PTI
RELATED NEWS
Q4 Results 2022; IOC, Dr Lal Path Labs, Bajaj Electricals, IRB Infra declare March quarter results; here are key highlights, dividend details Q4 Results 2022; IOC, Dr Lal Path Labs, Bajaj Electricals, IRB Infra declare March quarter results; here are key highlights, dividend details
Bajaj Electricals extends licence pact with Morphy Richards for 15 years Bajaj Electricals extends licence pact with Morphy Richards for 15 years
IOL Chemicals, Sugar Stocks to Aviation Stocks - here are the top Buzzing Stocks today  IOL Chemicals, Sugar Stocks to Aviation Stocks - here are the top Buzzing Stocks today
Bajaj Electrical shares surge nearly 11% minutes after market open as company mulls rejig in corporate structure Bajaj Electrical shares surge nearly 11% minutes after market open as company mulls rejig in corporate structure
Bajaj Electricals board approves review of corporate structure Bajaj Electricals board approves review of corporate structure

LATEST NEWS

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Maruti Suzuki looks to deploy strong hybrid tech across model range

This Android malware switches off Wi-Fi and drain mobile wallet

Electricity distribution companies' outstanding dues to power producers rise 4% to Rs 1.32 lakh cr in June - know details here

Commerce Minister looking to release new foreign trade policy before September, says official

Tracxn in wait-and-watch mode over timing of proposed public offer amid choppy market

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV