Bajaj Electricals Q3 net up 85% at ₹98 crore
February 04, 2021
Shekhar Bajaj, CMD, Bajaj Electricals×
Bajaj Electricals on Thursday posted a consolidated net profit of ₹98.19 crore in the third quarter ended December 31, 2020, an 84.88 per cent increase compared to the preceding quarter. It had posted a consolidated net profit of ₹53.11 crore in the second quarter of the fiscal year.
The company’s total revenue from operations stood at ₹1,500.14 crore during the quarter under review, a 23.19 per cent increase compared to the second quarter of the year. It had posted a total revenue from operations of ₹1,217.71 crore in the second quarter.
On a year-on-year basis, Bajaj Electricals’ consolidated net profit increased by 947.9 per cent. It had posted a consolidated net profit of ₹9.37 crore in the year-ago quarter. The company had posted a total revenue from operations of ₹1,283.86 crore in the third quarter last year, marking a 16.84 per cent y-o-y increase in the quarter under review.