Bajaj Electricals Q1 profit rises 12% to Rs23 crore

Total income from operations stood at Rs959.36 crore as against Rs1,005.46 crore in the same quarter last fiscal, down 4.58%


Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

New Delhi: Bajaj Electricals Ltd on Friday reported a 11.94% increase in net profit to Rs.22.87 crore for the first quarter ended 30 June.

The company had posted a net profit of Rs.20.43 crore in the same period last fiscal, Bajaj Electricals said in a BSE filing.

Total income from operations stood at Rs.959.36 crore as against Rs.1,005.46 crore in the same quarter last fiscal, down 4.58%.

Revenue from consumer products division stood at Rs.547.78 crore during the first quarter as compared with Rs.593.04 crore in the same period a year ago.

EPC division’s revenue was Rs.411.44 crore in the quarter under review as against Rs.412.30 crore in the same period last year. Shares of Bajaj Electricals were trading 5.48% down at Rs.252.90 apiece on BSE.

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