Bajaj Electricals Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2017
August 03, 2017 at 06:31 am EDT
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Bajaj Electricals Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported total income from operations of INR 10,294.1 million compared to INR 9,593.6 6 million a year ago. Profit before exceptional items and tax was INR 327.5 million compared to INR 367.2 million a year ago. Profit from ordinary activities before tax was INR 327.5 million compared to INR 367.2 million a year ago. Net profit for the period was INR 205.0 million or INR 2.02 per diluted share compared to INR 228.7 million or INR 2.26 per diluted share a year ago. EBIT which has fallen from INR 250 million to INR 32.8 million with almost INR 220 million, of which INR 92 million because of GST compensation and another INR 100 million to INR 110 million is coming out of loss of sales because of the sales has not been pushed at the end of the month in June because the new GST is coming so that has resulted in another contribution have been gone down.
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 
