Bajaj Corp Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 12, 2017 at 03:43 am EST
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Bajaj Corp. Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 1,863.964 million against INR 1,957.013 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 599.679 million against INR 666.745 million a year ago. Profit from ordinary activities before tax was INR 734.758 million against INR 744.362 million a year ago. Net profit for the period was INR 577.960 million or INR 3.92 per basic and diluted share before and after extraordinary items against INR 493.129 million or INR 3.34 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the nine months, the company reported net sales/income from operations of INR 5,862.792 million against INR 5,854.065 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,960.198 million against INR 1,957.820 million a year ago. Profit from ordinary activities before tax was INR 2,140.031 million against INR 1,827.219 million a year ago. Net profit for the period was INR 1,682.911 million or INR 11.41 per basic and diluted share before and after extraordinary items against INR 1,437.291 million or INR 9.74 per basic and diluted share before and after extraordinary items for the same period a year ago.
Bajaj Consumer Care Limited is an India-based fast moving consumer goods company. The Company is engaged in the manufacturing and marketing of cosmetics, toiletries and other personal care products. The Company a has presence in both domestic and international markets. It has a presence across various segments of personal care, including hair care and skin care. Its range of products include Bajaj Almond Drops, Bajaj 100% Pure Coconut Oil, Bajaj Coco Onion Non-Sticky Hair Oil, Bajaj Amla Aloevera Hair Oil, Bajaj Brahmi Amla Ayurvedic Hair Oil, New Bajaj Sarson Amla Hair Oil, Natyv Soul, Bajaj 100% Pure and Bajaj Nomarks Ayurveda. Its Natyv Soul products include Natyv Soul Pure Argan Oil from Morocco, Natyv Soul Argan Oil Shampoo and Natyv Soul Argan Oil Conditioner. The Company's distribution outlets are classified as two parts: general trade, which includes general retail stores and local corner shops, and organized trade, which includes large retail outlets as well as e-commerce.