Bajaj Electricals posts Rs 54.26 Cr Net Profit for March Qtr.
Bajaj Electricals on 25th May reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year. The company's total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the year-ago period, the company said in a BSE filing. Its consumer products segment has earned a total revenue of Rs 975 crore as against Rs 747 crore a year ago, a growth of 30.6 per cent. Bajaj Electricals' EPC (engineering, procurement and construction) segment has achieved a total revenue of Rs 283 crore in the fourth quarter of last fiscal as against Rs 554 crore, a decline of 48.9 per cent over a year ago. Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said that the consumer products business has delivered a strong performance in this quarter, despite a sharp rise in commodity prices and a weakening of overall demand sentiment.
Tags : ALLIED construction engineering revenue Bajaj Electricals Shekhar Bajaj