Bajaj Electricals posts Rs 54.26 crore net profit for March quarter

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Consumer Products (CP) Revenues up 31%, CP EBIT up by 67%

Profit Before Tax Improves from Rs. 2 Cr. Loss to Rs. 72 Cr. Profit

Bajaj Electricals Ltd has declared its results for the year and quarter ended March 31, 2021.

For the fourth quarter of 2020-21, the Company has achieved Sales/income from operations of Rs. 1,258 Cr. as against Rs. 1,301 Cr., a decrease of 3.2% over the fourth quarter of the previous year. For the quarter, the company has made profit before tax and profit after tax of Rs. 72 Cr. and Rs. 54 Cr. respectively, as against loss before tax and loss  after tax of Rs. 2 Cr. and Rs. 1 Cr., in the corresponding fourth quarter of the previous year.

For the quarter, Consumer Products (CP) segment of the Company has earned total revenue of Rs. 975 Cr. as against Rs. 747 Cr., a growth of 30.6% over the corresponding quarter of the previous year. CP recorded an EBIT of Rs. 85 Cr. as against Rs. 50 Cr., a growth of 67.4% over the corresponding fourth quarter of the previous year. CP Operating Margins are at 8.7%. EPC segment has achieved a total revenue of Rs. 283 Cr. as against Rs. 554 Cr., registering a de-growth of 48.9% over the corresponding quarter of the previous year. EPC recorded a loss of Rs. 8 Cr. as against loss of Rs. 23 Cr. over the corresponding fourth quarter of the previous year.

For the year ended March 31, 2021, the Company has achieved Sales/income from operations of Rs. 4,585 Cr. as against Rs. 4,987 Cr., a decrease of 8.1% over the corresponding previous year. For the year ended, the company has made profit before tax and profit after tax of Rs. 246 Cr. and Rs. 189 Cr. respectively, as against profit before tax and loss after tax of Rs. 7 Cr. and Rs. 10 Cr., in the corresponding previous year. For the year ended, Consumer Products segment of the Company has earned total revenue of Rs. 3,315 Cr. as against Rs. 3,095 Cr., a growth of 7.1% over the corresponding previous year. CP segment recorded an EBIT of Rs. 320 Cr. as against Rs. 200 Cr., a growth of 59.5% over the corresponding previous year.  CP Operating Margins

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