Moneycontrol
Nov 08, 2017 05:53 PM IST | Source: CNBC-TV18

Bajaj Electricals may post 62% growth in Q2 profit on fall in interest cost

Analysts expect around 5 percent YoY increase in sales of consumer durable on the back of lower base and expect muted performance by E&P segment.

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Electrical equipment manufacturing company Bajaj Electricals' second quarter profit is likely to increase 62 percent year-on-year to Rs 28 crore, driven by lower interest cost.

Revenue during the quarter is seen rising 9 percent to Rs 1,088 crore, compared with Rs 996 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Analysts expect around 5 percent YoY increase in sales of consumer durable on the back of lower base and expect muted performance by E&P segment.

Other income is likely to grow led by higher cash balance.
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