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Bajaj Electricals Ltd posts consolidated loss of Rs. 21.87 crore in Q1FY22
Posted On : 2021-08-11 15:25:25( TIMEZONE : IST )
Bajaj Electricals Ltd., has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.875.36 crores during the period ended June 30, 2021 as compared to Rs.1189.10 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.(21.87) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.54.60 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.(2.18) for the period ended June 30, 2021 as compared to Rs.4.98 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 875.36 crs | ₹ 1189.10 crs |  -26.38% |
| Net Profit | ₹ (21.87) crs | ₹ 54.60 crs | -140.05% |
| EPS | ₹ (2.18) | ₹ 4.98 | -143.78% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.875.36 crores during the period ended June 30, 2021 as compared to Rs.715.34 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.(21.87) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(15.93) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.(2.18) for the period ended June 30, 2021 as compared to Rs.(1.46) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 875.36 crs | ₹ 715.34 crs |  22.37% |
| Net Profit | ₹ (21.87) crs | ₹ (15.93) crs |  37.29% |
| EPS | ₹ (2.18) | ₹ (1.46) | 49.32% |
For the quarter ended June 30, 2021, the Company generated positive Cashflow from Operations of Rs. 39 Cr. Net Debt stand at Rs. 656 Cr. including the debt taken over during the quarter as a result of the acquisition of Starlite Lighting Limited. Debt repayment trajectory remains intact.
Mr. Shekhar Bajaj, Chairman and Managing Director of Bajaj Electricals Limited, said "While this quarter's results are impacted by the second wave of COVID-19 and the rise in commodity prices, we have maintained our strategic direction and focus. The Consumer Products business continues to enjoy top-line growth and the EBIT margin for this quarter factors in the impact of various one-off or not-comparable costs and investments made. We remain confident of maintaining our margin expansion in the coming quarters. Our EPC segment has reduced its loss, while continuing to focus on execution and working capital. Even in a challenging quarter, we have continued to generate positive Cashflow from Operations. With demand picking up, we remain confident to deliver to our overall strategy and goals."
The order book as on July 1, 2021 stands at Rs. 888 Cr., comprising of Rs. 498 Cr. for Transmission Line Towers, Rs. 69 Cr. for Power Distribution, and Rs. 321 Cr. for Illumination Projects.
Shares of Bajaj Electricals Ltd., was last trading in BSE at Rs. 1112 as compared to the previous close of Rs. 1126.25. The total number of shares traded during the day was 3601 in over 662 trades.
The stock hit an intraday high of Rs. 1165.1 and intraday low of 1092.5. The net turnover during the day was Rs. 4054736.
