Household appliances company Bajaj Electricals announced Q1FY24 results: Revenue from operations of Rs 1,112 crore as against Rs 1,129 crore, a de-growth of 1.5% over Q1FY23. For Q1FY24, the company made a profit before tax and profit after tax of Rs 53 crore and Rs 38 crore respectively, as against profit before tax and profit after tax of Rs 58 crore and Rs 42 crore respectively in Q1FY23. The order book as on July 1, 2023, stands at Rs 1,728 crore For Q1FY24, the consumer products segment of the company earned total revenue of Rs 873 crore as against Rs 855 crore, a growth of 2% over Q1FY23. For Q1FY24, the lighting solutions segment of the company has earned total revenue of Rs 240 crore as against Rs 274 crore, a de-growth of 12.5% over Q1FY23. The scheme of demerger of the EPC Segment has been approved by the NCLT, Mumbai, and accordingly, the EPC segment has been shown as discontinued operations. Shekhar Bajaj, Chairman, Bajaj Electricals, said, “The Company has achieved a stable performance in a challenging environment. Consumer Products revenues have grown by 2.0% for the quarter, despite demand slowdown and pricing constraints. The Lighting Solutions segment is also facing demand headwinds. Meanwhile, we have continued to focus on our long-term strategic objectives with a continued push for new products and brand strengthening. The EPC segment (which is likely to be demerged soon) maintains its positive traction.” Result PDF