Bajaj Electricals Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 05, 2020 at 03:13 am EST
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Bajaj Electricals Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 12,267 million compared to INR 11,068 million a year ago. Net income was INR 532.1 million compared to net loss of INR 324.2 million a year ago. Basic earnings per share from continuing operations was INR 4.65 compared to basic loss per share from continuing operations of INR 3.14 a year ago. Diluted earnings per share from continuing operations was INR 4.64 compared to diluted loss per share from continuing operations of INR 3.14 a year ago. For the half year, total revenue was INR 18,420.4 million compared to INR 24,247.9 million a year ago. Net income was INR 372.8 million compared to net loss of INR 179.9 million a year ago. Basic earnings per share from continuing operations was INR 3.2 compared to basic loss per share from continuing operations of INR 1.82 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.
BAJAJ ELECTRICALS LIMITED 
