Bajaj Electricals Q3 Results: Profit Declines 10.7% to Rs 33.36 Crore
Bajaj Electricals Ltd has reported a 10.7% decline in consolidated net profit, amounting to Rs 33.36 crore for the third quarter ending December 31, 2024. This marks a drop from the Rs 37.36 crore net profit recorded in the same quarter of the previous year, as per the company's regulatory filing.
Revenue Growth Despite Profit Decline
Despite the drop in profit, the company's revenue from operations increased by 5%, reaching Rs 1,289.72 crore compared to Rs 1,228.24 crore in the corresponding quarter of the previous year.
Expense and Segment-Wise Performance
- Total expenses: Increased by 3% to Rs 1,257.09 crore in Q3 FY25.
- Consumer Products (CP) segment: Witnessed an 8.54% growth, with revenue rising to Rs 1,038.45 crore from Rs 956.66 crore in the previous year.
- Lighting Solutions segment: Reported a 7.47% decline in revenue, falling to Rs 251.27 crore from Rs 271.58 crore a year ago.
Total Income and Market Outlook
The company’s total income, including other income, rose by 2.48%, reaching Rs 1,302.51 crore for the quarter. While revenue growth in the Consumer Products segment provided a boost, the decline in Lighting Solutions impacted overall performance.
With market demand fluctuating, investors will closely watch Bajaj Electricals' strategic moves in the upcoming quarters to maintain growth momentum.
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