Bajaj Electricals Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 12, 2022 at 01:15 pm IST
Share
Bajaj Electricals Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 12,021 million compared to INR 8,450.4 million a year ago. Revenue was INR 12,374.1 million compared to INR 8,653.7 million a year ago. Net income was INR 429.6 million compared to net loss of INR 218.7 million a year ago. Basic earnings per share from continuing operations was INR 3.59 compared to basic loss per share from continuing operations of INR 2.18 a year ago. Diluted earnings per share from continuing operations was INR 3.57 compared to diluted loss per share from continuing operations of INR 2.18 a year ago.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.