Bajaj Electricals Ltd Q3FY21 consolidated PAT soars to Rs. 98.67 crore

BAJAJ ELECTRICALS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1522.57 crores during the period ended December 31, 2020 as compared to Rs.1226.70 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.98.67 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.53.21 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.8.57 for the period ended December 31, 2020 as compared to Rs.4.64 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1522.57 crs	₹ 1226.70 crs	24.12%
Net Profit	₹ 98.67 crs	₹ 53.21 crs	85.44%
EPS	₹ 8.57	₹ 4.64	84.7%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1522.57 crores during the period ended December 31, 2020 as compared to Rs.1291.02 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.98.67 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.9.86 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.8.57 for the period ended December 31, 2020 as compared to Rs.0.90 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1522.57 crs	₹ 1291.02 crs	17.94%
Net Profit	₹ 98.67 crs	₹ 9.86 crs	900.71%
EPS	₹ 8.57	₹ 0.90	852.22%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3364.61 crores during the 9 months period ended December 31, 2020 as compared to Rs.3715.81 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.135.95 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.(8.13) crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.9.29 for the 9 months period ended December 31, 2020 as compared to Rs.(0.92) for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3364.61 crs	₹ 3715.81 crs	-9.45%
Net Profit	₹ 135.95 crs	₹ (8.13) crs	1772.2%
EPS	₹ 9.29	₹(0.92)	1109.78%

Mr. Shekhar Bajaj, Chairman and Managing Director of Bajaj Electricals Limited, said "I am very pleased with our extremely strong performance in this quarter. The Consumer Products business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices and has delivered its highest ever quarterly EBIT of Rs. 142 Cr. Our EPC segment has reduced its loss, while continuing to focus on execution and working capital. Further, we have maintained our strong focus on cashflows from operations in this quarter too, generating a healthy Rs. 142 Cr., thereby further reducing our debt significantly. Our excellent performance in this quarter is testimony to the focused strategy and executional excellence demonstrated by our team."

The order book as on 1st January 2021 stands at Rs. 1,220 Cr., comprising of Rs. 388 Cr. for Transmission Line Towers, Rs. 501 Cr. for Power Distribution, and Rs. 331 Cr. for Illumination Projects.

Shares of BAJAJ ELECTRICALS LTD. was last trading in BSE at Rs.737.1 as compared to the previous close of Rs. 733.6. The total number of shares traded during the day was 12008 in over 586 trades.

The stock hit an intraday high of Rs. 751.7 and intraday low of 735.3. The net turnover during the day was Rs. 8904634.

Source : Equity Bulls

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