Household Appliances company Bajaj Electricals announced Q2FY25 results Revenue from Operations: Rs 1,118 crore compared to Rs 1,113 crore during Q2FY24, change 0.5%. EBIT: Rs 32 crore compared to Rs 59 crore during Q2FY24, change -45.9%. EBIT margin: 2.9% for Q2FY25. PBT: Rs 15 crore compared to Rs 45 crore during Q2FY24, change -67.4%. PAT: Rs 13 crore compared to Rs 32 crore during Q2FY24. PAT margin: 1.2% for Q2FY25. Result PDF
Conference Call with Bajaj Electricals Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Household Appliances company Bajaj Electricals announced Q1FY25 results: For Q1FY25, the Company has achieved revenue from operations of Rs 1,155 crore as against Rs 1,112 crore, a growth of 3.8% over the first quarter of the previous year. For the quarter, the company has made profit before tax and profit after tax of Rs 38 crore and Rs 28 crore respectively, as against profit before tax and profit after tax of Rs 53 crore and Rs 38 crore respectively, in the corresponding quarter of the previous year. For the quarter, Consumer Products (CP) segment of the Company has earned total revenue of Rs 905 crore as against Rs 873 crore, a growth of 3.7% over the corresponding quarter of the previous year. CP recorded an EBIT of Rs 23 crore as against Rs 41 crore in the corresponding quarter of the previous year. For the quarter, Lighting Solutions (LS) segment of the Company has earned total revenue of Rs 250 crore as against Rs 240 crore, a growth of 4.3% over the corresponding quarter of the previous year. LS recorded an EBIT of Rs 26 crore as against Rs 20 crore in the corresponding quarter of the previous year. For the quarter ended June 30, 2024, the Company generated positive Cashflow from Operations of Rs 155 crore Cash equivalents and surplus investments are at Rs 442 crore. The order book as on July 1, 2024, stands at Rs 210 crore for Professional Lighting Projects. Shekhar Bajaj, Chairman of Bajaj Electricals, said “Revenues for the Company have grown at 3.8% with consumer demand having bottomed-out and green shoots visible in in rural demand. Lighting Solutions EBIT margins are at 10.5%, due to improvement in overall gross margins. We continue to maintain strong positive cash flows and focus on our long-term strategic objectives with a continued push on new products and brand strengthening. I am confident that with a pickup in demand during the second half of this fiscal, we shall see a strong upward performance.” Result PDF