The results for the quarter & the half year ended 30th September, 2015, declared by Bajaj Electricals Limited, shows an increase in the net sales/income from operations by 9.5% to Rs.1127.65 Cr for the current quarter as against Rs.1029.49 Cr for the corresponding period of the previous year. For the quarter, the Company has registered a PBT of Rs.18.59 Cr, as against loss of Rs.20.30 Cr for the corresponding quarter of the previous year. PAT for the quarter is Rs. 11.26 Cr, as against net loss of Rs.14.21 Cr for the corresponding quarter of the previous year.
Net sales/income from operations for the half year ended 30 September, 2015 has increased by 11.5% to Rs. 2136.74 Cr as against Rs.1917.10 Cr for the corresponding half year of the previous year. PBT for the first half of the current year is Rs. 53.26 Cr, as against loss of Rs. 12.69 Cr for the first half of the previous year. PAT for the first half of the current year is Rs. 31.60 Cr, as against net loss of Rs. 8.58 Cr for the first half of the previous year
During the quarter, from the consumer facing businesses, the Lighting segment has earned a total revenue of Rs.263.83 Cr, with a growth of 16.8% over the corresponding quarter of previous year but the Consumer Durables Segment, has de-grown by 3.9% with a total revenue of Rs. 447.53 Cr. On the other hand, during the quarter, EPC Segment has grown by 23.3% with a total revenue of Rs.415.99 Cr as against Rs. 337.29 Cr in the corresponding quarter of the previous year.
For the first half of the year, the Lighting segment has earned a total revenue of Rs. 466.76 Cr, with a growth of 18.3% over the corresponding period of the previous year, whereas the Consumer Durables Segment has de-grown by 4.8% with a total revenue of Rs. 923.34 Cr. During this period, EPC Segment has grown by 35.3% with total revenue of Rs. 746.22 Cr as against Rs. 551.52 Cr in the corresponding previous period.
Mr. Shekhar Bajaj, Chairman & Managing Director of Bajaj Electricals Limited, said “Lighting Segment registered a good performance on account of strong demand for LED based lighting products, which is reflected in the top-line growth of 9.5% and substantial improvement in margins from 2.8% to 6.1% for the quarter. The Consumer Durables segment, though registered a minor de-growth on account of roll out of TOC based distribution model and lack of strong demand conditions, we expect this segment to fair well in the second half of the year and for the year as a whole, in anticipation of improvement in demand conditions during forthcoming festive season and for seasonal products”.
Mr. Anant Bajaj, Joint Managing Director of Bajaj Electricals Limited said “EPC segment has shown a turnaround in its operations through effective Project Monitoring as can be seen from its performance of the last three quarters. For the quarter, EPC has achieved a total revenue of Rs. 415.99 Cr with a growth of 23.3% and operating profit of Rs. 16.97 Cr with a margin of 4.1% as against a loss of Rs. 28.12 Cr. in the corresponding quarter of the previous year.
With the order book of Rs.3175 Cr, comprising of orders of Rs. 820 Cr for TLT; Rs. 2144 Cr for Power Distribution and Rs. 211 Cr for Illumination Projects, and inflow of new orders, this segment is expected to do well in the coming period.”
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