Bajaj Electricals Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 23, 2023 at 03:33 am EDT
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Bajaj Electricals Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 14,735.4 million compared to INR 12,932.6 million a year ago. Revenue was INR 15,221.1 million compared to INR 13,553.4 million a year ago. Net income was INR 518.5 million compared to INR 393.5 million a year ago. Basic earnings per share from continuing operations was INR 4.51 compared to INR 3.37 a year ago. Diluted earnings per share from continuing operations was INR 4.5 compared to INR 3.36 a year ago.
For the full year, sales was INR 53,396.9 million compared to INR 47,276.9 million a year ago. Revenue was INR 55,051 million compared to INR 48,813.5 million a year ago. Net income was INR 2,161.9 million compared to INR 1,285.2 million a year ago. Basic earnings per share from continuing operations was INR 18.8. Diluted earnings per share from continuing operations was INR 18.77.
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.
BAJAJ ELECTRICALS LIMITED 
