Moneycontrol Presented by Motilal Oswal
Days hours minutes
Nerolac
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance
Indiabulls
DHFL

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
Nov 09, 2017 02:56 PM IST | Source: PTI

Bajaj Electricals Q2 net profit up 14% at Rs 19 cr

The company had posted a net profit of Rs 16.66 crore during the same period of the previous fiscal, Bajaj Electricals said in a stock exchange filing.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bajaj Electricals today reported a 13.92 per cent increase in its net profit at Rs 18.98 crore for the September quarter of the current fiscal.

The company had posted a net profit of Rs 16.66 crore during the same period of the previous fiscal, Bajaj Electricals said in a stock exchange filing.

Total income during the quarter under review stood at Rs 935.54 crore. It was Rs 1,005.75 crore in the July-September quarter of 2016-17.

The company said gross sales for the quarter is not comparable with the previous period due to implementation of GST from July 1.

"Revenue from operations for periods up to June 30, 2017 includes excise duty, which is discontinued effective July 1, 2017 upon implementation of GST," Bajaj Electricals said.

Therefore GST is not included in gross sales, it added.

Revenue from EPC segment was Rs 421.34 crore during the quarter as against Rs 439.24 crore a year ago.

The revenue from consumer products division during the period stood at Rs 514.11 crore compared with Rs 566.12 crore in the same period of the previous fiscal.

The company's stock was trading 0.98 per cent higher at Rs 383 apiece on BSE today.
Sections
Follow us on
Available On