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:

Inter State Oil Carrier Ltd reports higher Q1 net profit of Rs. 0.27 crore

Dynacons Systems & Solutions Ltd reports consolidated Q1 net profit of Rs. 1.30 crore

Madhav Infra Projects Ltd Q1 PAT slumps to Rs. 0.17 crore

Lippi Systems Ltd Q1 net profit slips to Rs. 0.55 crore

Shri Krishna Devcon Ltd reports drop in Q1 net profit to Rs. 0.73 crore

Sanmit Infra Ltd reports 533.33% jump in net profit to Rs. 0.19 crore in Q1

Samrat Pharmachem Ltd Q1 net profit slides to Rs. 0.04 crore

Aarey Drugs & Pharmaceuticals Ltd Q1 net profit at Rs. 2.10 crore

Jeevan Scientific Technology Ltd consolidated Q1 PAT surges to Rs. 0.38 crore

C & C Constructions Ltd Q1 consolidated net at Rs. 9.11 crores

Roto Pumps Ltd Q1 net profit jumps to Rs. 4.36 crores

Starlite Components Ltd Q1 net profit falls to Rs. 0.23 crore

Provogue India Ltd back in black with Q1 net profit of Rs. 0.86 crore

Aanchal Ispat Ltd Q1 net profit at Rs. 0.27 crore

RTS Power Corporation Ltd reports increase in Q1 PAT to Rs. 1.34 crore

Tiger Logistics India Ltd Q1 FY19 PAT higher at Rs. 2.28 crores

Khaitan India Ltd reports Rs. 0.27 crore net profit in Q1FY19

Ruttonsha International Rectifier Ltd Q1 PAT soars to Rs. 0.29 crore

Arihant Foundations & Housing Ltd Q1 net profit at Rs. 0.33 crore

PARLE Software Ltd posts PAT of Rs. 0.49 crore in Q1

Ishaan Infrastructures and Shelters Ltd reports net profit of Rs. 0.15 crore in Q1 FY19

Muller & Phipps India Ltd Q1 net profit at Rs. 0.08 crore

Sandu Pharmaceuticals Ltd reports net profit of Rs. 0.32 crore in Q1

Hindustan Adhesives Ltd posts lower Q1 PAT of Rs. 0.13 crore

Pradeep Metals Ltd Q1 PAT higher at Rs. 1.30 crore

RDB Rasayans Ltd Q1 net profit up at Rs. 4.13 crores

Frontier Springs Ltd Q1 PAT climbs to Rs. 2.17 crore

Rajkumar Forge Ltd Q1 net profit rises to Rs. 0.58 crore

Mercury Laboratories Ltd Q1 PAT jumps to Rs. 0.81 crore

Gopala Polyplast Ltd posts Q1FY19 net profit of Rs. 2.90 crore

Scan Steels Limited Q1 net profit zooms to Rs. 6.17 crores

CIAN Agro Industries & Infrastructure Ltd Q1 PAT at Rs. 0.19 crore

GARG Furnance posts net profit of Rs. 0.06 crore in Q1FY19

Softsol India Ltd Q1 net profit drops to Rs. 1.10 crore

GMR Infra posts loss of Rs. 238 crores in Q1FY19

Ruby Mills Ltd posts lower Q1 net profit of Rs. 7.77 crores

GPT Infraprojects Ltd Q1 consolidated net up at Rs. 5.30 crores

Kridhan Infra Ltd consolidated Q1 net profit rises to Rs. 14.49 crores

Virinchi Ltd consolidated Q1 PAT climbs to Rs. 10.18 crores

AIMCO Pesticides Ltd reports net profit of Rs. 1.30 crore in Q1 FY19

India Home Loan Ltd Q1 PAT doubles to Rs. 1.07 crore

California Software Company Ltd Q1FY19 PAT at Rs. 0.37 crore

PRIMA Plastics Ltd reports higher Q1 net profit of Rs. 1.58 crores

Bella Casa Fashion & Retail Ltd Q1FY19 net profit nearly doubles to Rs. 2.50 crore

Swarnsarita Gems Ltd Q1 PAT up at Rs. 1.16 crore

HIRA Automobiles Ltd reports Q1 FY19 net profit of Rs. 0.17 crore

Interactive Financial Services Ltd Q1FY19 net profit at Rs. 0.10 crore

Vishnu Chemicals Ltd Q1 PAT rises to Rs. 2.60 crore

Kesar Petroproducts Ltd Q1 PAT slides to Rs. 2.16 crore

SRG Housing Finance Ltd Q1 net profit higher at Rs. 3.76 crores





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

disclaimer copyright © 2005 - 2018