Bajaj Electricals revenue from operations was down 6.2 per cent to Rs 1,228.24 crore during the quarter under review. It was at Rs 1,309.48 crore in the corresponding quarter a year ago.
Bajaj Electricals net consolidated total income stood at Rs 1,142.26 crore in Q2 FY24, a dip of 1.82 per cent from Rs 1,163.43 crore in the similar quarter last year.
Shares of Bajaj Electricals hit a new high of Rs 907, surging 18 per cent in intra-day deals on the BSE on Friday after the company reported robust consolidated net profit of Rs 98 crore in December quarter (Q3FY21), on strong performance by consumer products (CP) business. The household appliances maker had profit of Rs 9 crore in a year ago quarter.
For Q3FY21, the company has achieved sales of Rs 1,500 crore as against Rs 1,284 crore, an increase of 16.8 per cent over the third quarter of the previous year. The earnings before interest and tax (EBIT) for the CP segment stood at Rs 142 crore, showing a 115 percent rise over the year-ago period, the company said.