LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • 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
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Company benefitting from expansion of distribution channels, consumer segment leads growth: Shekhar Bajaj, CMD, Bajaj Electricals

Bajaj Electricals posted a better year-on-year March quarter profit. The company's net income for March quarter went up to Rs 28.4 crore. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Company benefitting from expansion of distribution channels, consumer segment leads growth: Shekhar Bajaj, CMD, Bajaj Electricals
Bajaj Electricals' income from operations has been at Rs 1,772.94 crore, against Rs 1,606.27 crore in the fourth quarter, a year-on-year growth of 10.4 percent. Image source: Zee Business
Written By: ZeeBiz WebTeam
Updated: Mon, May 27, 2019
04:50 pm
ZeeBiz WebDesk
RELATED NEWS
Bajaj Electricals - All-round performance continues; Anand Rathi maintains Buy rating Bajaj Electricals - All-round performance continues; Anand Rathi maintains Buy rating
Stock-picks With Anil Singhvi: Avanti Feeds, Bajaj Electricals and Canfin Homes are Rajat Bose's top recommendations Stock-picks With Anil Singhvi: Avanti Feeds, Bajaj Electricals and Canfin Homes are Rajat Bose's top recommendations
Mid-cap Picks with Anil Singhvi: Century Plyboards, Bajaj Electricals and Titagarh Wagons are stocks to buy, this is why Mid-cap Picks with Anil Singhvi: Century Plyboards, Bajaj Electricals and Titagarh Wagons are stocks to buy, this is why
Our Consumer business performed well in Q4FY20: Anuj Poddar, Bajaj Electricals Our Consumer business performed well in Q4FY20: Anuj Poddar, Bajaj Electricals
Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore

Bajaj Electricals posted a better year-on-year March quarter profit. The company's net income for March quarter went up to Rs 28.4 crore. The company's income from operations has been at Rs 1,772.94 crore, against Rs 1,606.27 crore in the fourth quarter, a year-on-year growth of 10.4 percent. Consumer segments and EPC both have seen better grow in this quarter. The consumer products segment continued to reap the benefits of range and reach expansion programme (RREP).  The company's Chairman and Managing Director Shekhar Bajaj told Zee Business TV that benefits from the expansion of distribution channels of the company is now materialising.

Bajaj said that the company has witnessed 20-25 percent quarter-on-quarter growth in the first three quarters and 15 percent in the last quarter. This is much better than the peers. The company's EBITDA margin also growing at a health rate, he said. 

"The company will see further growth in consumer products business. There will be growth in the topline and bottomline. The profitability in the consumer segment will substantially grow. As far as the EPC business is a concern, we receive a big order from the UP  government in this segment, and due to that the turnover increased from last year's Rs 23 crore to Rs 36 crore, which is 60 percent year-on-year growth," Bajaj said. 

However, in the fourth quarter, the growth in EPC business has been only at 7 percent. This is the reason why the profitability is down in EPC segment. 

The cashflow of the company will improve when it will start giving returns in the coming years. There is not much problem of financing in the consumer business, which comes through financial channels. The business we do in the government sector, there need financing.
 

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
RELATED NEWS
Bajaj Electricals - All-round performance continues; Anand Rathi maintains Buy rating Bajaj Electricals - All-round performance continues; Anand Rathi maintains Buy rating
Stock-picks With Anil Singhvi: Avanti Feeds, Bajaj Electricals and Canfin Homes are Rajat Bose's top recommendations Stock-picks With Anil Singhvi: Avanti Feeds, Bajaj Electricals and Canfin Homes are Rajat Bose's top recommendations
Mid-cap Picks with Anil Singhvi: Century Plyboards, Bajaj Electricals and Titagarh Wagons are stocks to buy, this is why Mid-cap Picks with Anil Singhvi: Century Plyboards, Bajaj Electricals and Titagarh Wagons are stocks to buy, this is why
Our Consumer business performed well in Q4FY20: Anuj Poddar, Bajaj Electricals Our Consumer business performed well in Q4FY20: Anuj Poddar, Bajaj Electricals
Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore Bajaj Electricals Q4 jumps twofold to Rs 28.54 crore

LATEST NEWS

Stocks to buy with Anil Singhvi: Buy NBCC for bumper returns - Special Pick

IRCTC Share price: Dolat Capital initiates coverage on IRCTC share with target of Rs 2650

Oppo Find X3 series to launch on March 11; Check all details about this upcoming smartphone NOW!

Lenovo to launch new 'Legion' gaming smartphone soon - Check all details here!

This is why Bill Gates prefers Android over iPhone

CBSE board exams 2021 class 10, class 12 practicals date: Students exams start today - check Board guidelines

Rakesh Jhunjhunwala stock: This Big Bull holding gets a target hike I Details here

Gland Pharma share price: Sharekhan initiates Buy recommendation - price target of Rs 3040

LPG cylinder price today: Cooking gas gets costlier by Rs 25, second hike in four days—check new prices

LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021

  • 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
Copyright © Zee Media Corporation Ltd. All rights reserved