Bajaj Electricals Ltd. Announces Standalone Unaudited Earnings Results for the First Quarter Ended June 30, 2018
August 09, 2018 at 03:14 am EDT
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Bajaj Electricals Ltd. announced standalone unaudited earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported total income from operations of INR 11,399.3 million against INR 10,294.1 million a year ago. Total Income was INR 11,492.4 million against INR 10,399.0 million a year ago. Profit before exceptional items and tax was INR 622.9 million against INR 438.5 million a year ago. Profit before tax was INR 622.9 million against INR 327.5 million a year ago. Net profit for the period was INR 405.3 million against INR 205.0 million a year ago. Diluted earnings per share before and after exceptional items were INR 3.95 against diluted and basic earnings per share before and after exceptional items INR 2.02.
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.