Bajaj Electricals on Tuesday reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year. The company s total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the year-ago period, the company said in a BSE filing. Its consumer products segment has earned a total revenue of Rs 975 crore as against Rs 747 crore a year ago, a growth of 30.6 per cent. Bajaj Electricals EPC (engineering, procurement and construction) segment has achieved a total revenue of Rs 283 crore in the fourth quarter of last fiscal as against Rs 554 crore, a decline of 48.9 per cent over a year ago.
Read more about Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks on Business Standard. Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company s Chief Financial Officer on May 1, 2021
Explore Now
Nifty futures on the Singapore Exchange traded 73.5 points, or 0.50 per cent, lower at 14,568 in signs that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today s trade:
Kotak Mahindra Bank, SBI Life: Godrej Properties, IDBI Bank, Kotak Mahindra Bank, SBI Life Insurance, L&T Tech, Varun Beverages, Tata Chemicals, Home First Finance and Mahindra Holidays are among companies that will announce their March quarter results today.
Hero MotoCorp: The country s top two-wheeler maker
Hero MotoCorp said it has sold 3,72,285 units last month, down by 35 per cent from 5,76,957 units dispatched in March this year.
Bajaj Electricals fully acquires JV firm Starlite Lighting
SECTIONS
Last Updated: May 01, 2021, 07:00 PM IST
Share
Synopsis In consideration of the said relinquishment and transfer of joint Control and Management Rights of SLL by Outgoing Promoters in favour of the company, the company will pay an aggregate control premium of Rs 14.80 crore, plus GST as applicable, to the Outgoing Promoters, subject to the terms and conditions of the said CTA, it said.
Agencies
It has also entered into a share subscription agreement for buying 45 lakh equity shares of SLL at a price of Rs 10 apiece.
Bajaj Electricals on Saturday said it has bought the remaining stakes of