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.
Industrialised states like Maharashtra, Gujarat and Delhi have been the most affected in the second Covid wave, resulting in large-scale migration of labour and posing a bumpy road ahead for businesses
At meeting held on 29 April 2021The Board of Bajaj Holdings & Investment at its meeting held on 29 April 2021 has approved the appointment of Dr. Omkar Goswami as an Additional Director and as an Non-executive Independent Director for a period of 5 years effective from 1 May 2021.
Considering the increasing roles and responsibilities in various Bajaj group entities, Niraj Bajaj has expressed his intention to relinquish his position as Chairman of the Company with effect from close of business hours of 30 April 2021. However, considering his valuable performance as Chairman of the Company over the past two years and to
leverage his experience, the Board at its meeting held today, has approved the appointment of Niraj Bajaj as the Non-executive Vice-chairman of the Company with effect from 1 May 2021.
Bajaj Electricals Share Price Jumps 13%, Hits 52-week High As Q3 Profit Surges 948% moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Results: Bajaj Electricals Q3 profit zooms to Rs 98 crore
Bajaj Electricals on Thursday reported a multifold increase in consolidated net profit at Rs 98.19 crore for the third quarter ended December 31, 2020 helped by a strong growth in its consumer products business. The company had posted a net profit of Rs 9.37 crore in the year-ago period, Bajaj Electricals said in a regulatory filing.
Total revenue from operations was up 16.85 per cent to Rs 1,500.14 crore during the quarter under review as against Rs 1,283.86 crore in the corresponding period of the previous fiscal year.
Total expenses were at Rs 1,388.80 crore in third quarter as against Rs 1,274.91 crore earlier.