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Bajaj Electricals expects better Q4 margins

Bajaj Electricals expects better Q4 margins
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First Published: Thu, Apr 09 2009. 12 50 PM IST
Updated: Thu, Apr 09 2009. 12 50 PM IST
Mumbai: Appliances and lighting products maker Bajaj Electricals Ltd expects better margins in the fourth quarter of FY09 on the back of falling raw material costs, a senior official said.
“The fourth quarter has been a rollicking quarter for us..We have closed the year with approximately Rs1,750 crores in terms of sales turnover and all our business have done extremely well,” R.Ramakrishnan, executive director, told television channel NDTV Profit.
The engineering and projects business has grown at 40%, appliances business at 30% and our lighting, luminaire and fans business has grown at 30%,he added.
Falling raw material prices particularly copper and aluminium will improve its bottomline, he added.
He also said that the company has not taken any decision to hive off its engineering and projects business and will consider it when the time is appropriate. Shares of the company have risen close to 50% between five sessions till Wednesday on BSE. At 11 p.m., shares of the company were up 7.04% at Rs231.95 rupees.
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First Published: Thu, Apr 09 2009. 12 50 PM IST