The company’s consumer durables sales in the third quarter rose 22% to Rs504 crore, while sales from the lighting business rose 11% to Rs 221 crore.
Electrical and consumer durables manufacturer Bajaj Electricals’ third quarter net profit plunged 64% year-on-year (Y-o-Y) to Rs12 crore following losses in its engineering and projects business.
The company reported net sales of Rs872 crore, up 10% over the previous corresponding quarter.
Bajaj Electricals’ Engineering and Projects (E&P) sales declined 18% Y-o-Y to Rs147 crore, while it reported a loss of Rs40 crore, compared with a profit of Rs7 crore in the year ago period.
Bajaj Electricals currently has an order book of Rs960 crore in the E&P business.
In the other segments, the company’s consumer durables sales in the third quarter rose 22% to Rs504 crore, while sales from the lighting business rose 11% to Rs 221 crore.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
