Bajaj Electricals Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 31, 2018
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Bajaj Electricals Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported total income from operations of INR 15,984.4 million against INR 9,355.8 million a year ago. Profit before exceptional items and tax was INR 532.7 million against INR 306.5 million a year ago. Profit before tax was INR 532.7 million against INR 306.5 million a year ago. Net profit for the period was INR 340.8 million or INR 3.32 diluted per share against INR 189.8 million or INR 1.86 per basic and diluted per share a year ago.
For the six months period, the company reported total income from operations of INR 27,383.7 million against INR 19,649.9 million a year ago. Profit before exceptional items and tax was INR 1,155.6 million against INR 634.0 million a year ago. Profit before tax was INR 1,155.6 million against INR 634.0 million a year ago. Net profit for the period was INR 746.1 million or INR 7.28 diluted per share against INR 394.8 million or INR 3.88 per diluted per share 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.