The electrical goods company saw a 127 percent YoY revenue growth in EPC segment in Q2
The company took a one-time hit of Rs 89.36 crore on provisions for its joint venture Starlite Lighting, producing CFL products.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and sector.
We are working hard for new customer acquisition. We have added Crompton Greaves Consumer Electrical, Wipro and Bajaj Electricals as customers in last two quarters in lighting vertical. We have added Samsung and Lloyd as our customers in the washing machine segment. In television sector, we have added Flipkart, Atul Lall, MD of Dixon Technologies-India said.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the buzz that goods and services tax (GST) on consumer durables likely to come down.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and the sector.
“We have done electrification of total 25,000 villages in the last two-three years,” Shekhar Bajaj, CMD of Bajaj Electricals told CNBC-TV18.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and sector.
Bajaj Electricals is expecting to do over Rs 5000 crore in revenues in the current fiscal, says its CMD Shekhar Bajaj. Watch the video for mo
At present, Bajaj has an order book of Rs 2,000 crore, and that it will bid for those tenders that will meet the company's margins requirements. It, however, plans to add more distributors to its network, says Shekhar Bajaj, CMD, Bajaj Electricals.
The company will now be focusing more on its secondary sales and improving the distribution network, says Shekhar Bajaj, Chairman & Managing Director of Bajaj Electricals.
Anant Bajaj, Joint MD, Bajaj Electricals is not concerned about demand going forward because third quarter and fourth quarter are traditionally strong quarters for the company.
Shekhar Bajaj, Chairman and MD of Bajaj Electricals, expects transactions to close in the next 12 months.
In an interview with CNBC-TV18, Shekhar Bajaj, CMD - Bajaj Electrical said the 'Rurban' mission of the government will be catalyst for rural markets growth.
Talking to CNBC-TV18, Anant Bajaj, Joint MD of Bajaj Electricals said with better accessibility to areas and availability of electricity, rural market is growing at faster pace than the urban market.
Shekhar Bajaj, CMD of Bajaj Electricals is very bullish on the LED lighting business where they have won order worth Rs 41 crore last month and have also received orders worth Rs 80 crore orders for Luminaires.
Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
LED products are more power efficient and can be of big advantage, Shekhar Bajaj, CMD, Bajaj Electricals said.
Bajaj Electricals has secured fresh orders worth Rs 518 crore in the Engineering and Projects (E&P) division.
Four orders have been secured for transmission lines in Tamil Nadu and West Bengal, joint managing director Anant Bajaj said.
Bajaj Electricals is confident of clocking a 22 percent revenue growth for FY14 and similar growth in FY15 too.
Shekhar Bajaj, CMD of Bajaj Electricals, says they see no slowdown in rural markets. In fact they expect a sales growth of Rs 4200 crore for FY14.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the impact of rupee depreciation and his plans for the company in FY14.
Bajaj Electricals' fourth quarter net profit plunged 99 percent year-on-year to Rs 0.62 crore as the company continued to restructure its engineering and projects (E&P) business, amid what has been a year of sluggish growth across the sector.
Shekhar Bajaj, chairman & MD, Bajaj Electricals, says that the company has seen a positive growth in consumer durable and lighting segment. Compared to last year, this year or EBITDA may be slightly higher.