Kolkata: Bajaj Electricals has posted a web revenue of Rs 63 crore within the second quarter of this fiscal from Rs 53 crore within the year-ago interval largely attributable to higher efficiency of the patron merchandise enterprise.
The corporate has additionally achieved income from operations of Rs 1,302 crore in opposition to Rs 1,218 crore a rise of seven% over the second quarter of the earlier 12 months. For the quarter, shopper merchandise (CP) phase of the corporate has earned complete income of Rs 1,035 crore in opposition to Rs 792 crore, a development of 31% over the year-ago interval.
Shekhar Bajaj, CMD, Bajaj Electricals, stated, “It has been a robust come-back quarter regardless of the exterior challenges. Now we have maintained our strategic path and focus.
The Shopper Merchandise enterprise continues to ship top-line development and has maintained EBIT margins (vs. the 12 months in the past interval) regardless of the numerous impression of worth rise of commodities. We stay assured of sustaining our path within the coming quarters. Our EPC phase has delivered an EBIT loss however continues to give attention to mission execution and stays money movement constructive. We proceed to generate sturdy general constructive Money Movement from Operations amounting to Rs. 476 crores on this quarter, and a resultant sturdy decline in debt ranges.“
The corporate has additionally achieved income from operations of Rs 1,302 crore in opposition to Rs 1,218 crore a rise of seven% over the second quarter of the earlier 12 months. For the quarter, shopper merchandise (CP) phase of the corporate has earned complete income of Rs 1,035 crore in opposition to Rs 792 crore, a development of 31% over the year-ago interval.
Shekhar Bajaj, CMD, Bajaj Electricals, stated, “It has been a robust come-back quarter regardless of the exterior challenges. Now we have maintained our strategic path and focus.
The Shopper Merchandise enterprise continues to ship top-line development and has maintained EBIT margins (vs. the 12 months in the past interval) regardless of the numerous impression of worth rise of commodities. We stay assured of sustaining our path within the coming quarters. Our EPC phase has delivered an EBIT loss however continues to give attention to mission execution and stays money movement constructive. We proceed to generate sturdy general constructive Money Movement from Operations amounting to Rs. 476 crores on this quarter, and a resultant sturdy decline in debt ranges.“
Supply: Times of India