Bajaj Electricals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 03:25 am EST
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Bajaj Electricals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,074 million compared to INR 11,507.7 million a year ago. Revenue was INR 11,422.6 million compared to INR 11,634.3 million a year ago. Net income was INR 272.8 million compared to INR 602.3 million a year ago. Basic earnings per share from continuing operations was INR 2.75 compared to INR 5.08 a year ago. Diluted earnings per share from continuing operations was INR 2.74 compared to INR 5.07 a year ago. Basic earnings per share was INR 2.37 compared to INR 5.39 a year ago. Diluted earnings per share was INR 2.36 compared to INR 5.38 a year ago.
For the six months, sales was INR 22,153.8 million compared to INR 22,756.5 million a year ago. Revenue was INR 22,743 million compared to INR 23,007.6 million a year ago. Net income was INR 644.1 million compared to INR 1,031.9 million a year ago. Basic earnings per share from continuing operations was INR 6.01 compared to INR 8.73 a year ago. Diluted earnings per share from continuing operations was INR 6 compared to INR 8.71 a year ago. Basic earnings per share was INR 5.59 compared to INR 8.98 a year ago. Diluted earnings per share was INR 5.58 compared to INR 8.96 a year ago.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.
BAJAJ ELECTRICALS LIMITED 
