Bajaj Electricals Limited Reports Earnings Results for the First Quarter Ended June 30, 2019
August 07, 2019 at 03:40 am EDT
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Bajaj Electricals Limited announced earnings results for the first quarter ended June 30, 2019. For the first quarter, the company announced total revenue was INR 13,179.900 million compared to INR 11,671.700 million a year ago. Net income was INR 144.300 million compared to INR 401.400 million a year ago. Basic earnings per share was INR 1.34 compared to INR 3.93 a year ago. Diluted earnings per share was INR 1.33 compared to INR 3.91 a year ago.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.