Heavy debt and receivables stuck in the Uttar Pradesh EPC order impacted the finance cost of the company in Q1
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.
Confident of double-digit growth both in consumer product and in engineering and projects (EPC), closer to 20 percent, said Shekhar Bajaj, CMD, Bajaj Electricals.
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.
Bajaj Electricals’ Q1 earnings came in slightly below street expectations. In an interview to CNBC-TV18, Shekhar Bajaj, CMD of the company spoke about the results and his outlook going forward.
“We have done electrification of total 25,000 villages in the last two-three years,” Shekhar Bajaj, CMD of Bajaj Electricals told CNBC-TV18.
Bajaj Electricals reported a weak set of earnings. In an interview to CNBC-TV18, Shekhar Bajaj, CMD of the company spoke about the results.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and sector.
The company has merged four consumer facing business—lighting, domestic, kitchen appliances and fans— into consumer product business from April this year, says Shekhar Bajaj, CMD of Bajaj Electricals.
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
CMD Shekhar Bajaj says Bajaj Electricals is looking at revising its strategy and adopting the FMCG model to improve its consumer durables business.
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.
Bajaj Electricals posted a decent set of numbers with both EPC and consumer business looking good.
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.
Shekhar Bajaj, CMD, Bajaj Electricals says that the company‘s margins in lighting and projects segments will improve going forward.
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.
Shekhar Bajaj, CMD, Bajaj Electricals expects growth in sales of consumer durables to continue in the second quarter also.
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.