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Bajaj Electricals Q1 net jumps 98% to Rs 40.53 crore

The company had registered a net profit of Rs 20.50 crore in April-June period a year-ago


PTI 09 Aug 2018, 08:09 AM India

Bajaj Electricals today reported a 97.70 percent jump in standalone net profit at Rs 40.53 crore for the first quarter ended June 30, 2018.

The company had registered a net profit of Rs 20.50 crore in April-June period a year ago.

Its total income in the quarter under review stood at Rs 1,149.24 crore. It was Rs 1,039.90 crore in the year-ago period, Bajaj Electricals said in a BSE filing.

The company said gross sales figures, part of total income, for the quarter ended 30 June 2018, is not compatible with the previous periods presented in the results post implementation of GST with effect from July 1, 2017.

For the quarter, consumer products segment of the company has earned a total revenue of Rs 596.86 crore as against Rs 469.53 crore, a growth of 27.1 percent over the corresponding previous quarter.

It's engineering, procurement, and construction (EPC) segment achieved a total revenue of Rs 542.96 crore, registering a de-growth of 3 percent.

Shares of Bajaj Electricals were trading at Rs 626 apiece, up 0.47 percent, from the previous close on BSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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