Bajaj Electricals Q4: PAT Declines 28% YoY, Topline Rises; Debt-Free Company

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Bajaj Electricals Q4: PAT Declines 28% YoY, Topline Rises; Debt-Free Company

By Malvika Gurung -- The consumer electrical equipment manufacturing major Bajaj Electricals (NS: BJEL ) Ltd (BEL) posted its earnings results for the March ending quarter on Tuesday.

Its consolidated net profit declined 27.8% on a YoY basis and 18.75% sequentially to Rs 39 crore and profit before tax fell 27.8% YoY and 21.2% QoQ to Rs 52 crore in the March quarter, declining for the second straight quarter.

According to the company’s statement, its revenue from operations rose 6% YoY to Rs 1,334 crore in the March quarter, while total expenses grew marginally to Rs 1,299.61 crore.

Coming on to its Consumer Products (CP) and EPC business segments, BEL’s CP business recorded a 25% YoY de-growth in EBIT of Rs 64 crore, while the EPC segment’s total revenue grew 5% YoY to Rs 297 crore in the quarter.

Further, the company’s CP operating margins stood at 6% in the quarter, and the EPC profit stood at Rs 7 crore, compared to a loss of Rs 8 crore in the year-ago period.

In Q4 FY22, BEL generated a positive Cashflow from Operations of Rs 260 crore. Cash and Cash equivalents as of March 31, 2022, are in excess of Rs 100 crore, announced the company.

Shares of the company ended 9.13% higher on Tuesday.

“This is a remarkable quarter for the company, as we have become net debt free after almost a span of more than two decades. Our disciplined execution in the EPC division, coupled with a strong focus on the collection of receivables and calibrated approach towards EPC has helped us achieve this feat.,” stated the company’s Chairman & MD Shekhar Bajaj.

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