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Operating profit is likely to grow by 4-fold to Rs 61 crore and margin may expand 459 basis points to 5.5 percent compared to corresponding quarter of last fiscal.
Shekhar Bajaj, CMD, Bajaj Electricals expects growth in sales of consumer durables to continue in the second quarter also.
Operating profit may spike 46 percent year-on-year to Rs 53.8 crore and margin may expand 130 basis points to 5.5 percent in June quarter. Margin expansion may be led by the turnaround in the E&P business.
Bajaj Electricals' third quarter profit after tax is seen falling 38 percent year-on-year to Rs 12.4 crore, according to a CNBC-TV18 poll.
Bajaj electricals reported a loss of over Rs 14 crore this quarter.
In an interview to CNBC-TV18, Shekhar Bajaj, chairman and managing director, Bajaj Electricals says the company‘s exploration and production business will post mild profits in the next quarter.
In an interview to CNBC-TV18, Shekhar Bajaj, Chairman & MD of Bajaj Electricals says that the margins in the June quarter were impacted due to the loss in engineering & projects business.
Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
"Both lighting and consumer durable sectors are doing well. The lighting is growing by 10-11 percent and the consumer durable 20-22 percent," says Shekhar Bajaj, chairman and MD of the company in an interview to CNBC-TV18.
Bajaj Electricals expects a pickup in engineering and products business, which has been hit by the overall slowdown in infrastructure spending, beginning next financial year, following a clean up of its existing orders, which have seen a significant cost over runs, joint MD Anant Bajaj told moneycontrol.com on Thursday.
The overall economy may be in a slowdown, Bajaj Electricals still feels it will be able to achieve its earlier revenue guidance of Rs 3,800 crore this year, helped by strong growth in consumer durablés and lighting.
Bajaj Electricals expects a pickup in growth in the engineering and projects business in the fourth quarter helped by faster project clearances by the government.
Bajaj Electricals expects sales of Rs 3,200-3,300 crore in the current fiscal year, helped by strong sales in its consumer durables and lighting business and a pickup in E&P (engineering & projects), executive director Anant Bajaj told moneycontrol.com.
R Ramakrishnan, ED, Bajaj Electricals, tells CNBC-TV18 that the company’s growth is reliant on India’s GDP. He, however, expects organic growth to be strong, going forward.
In an interview with CNBC-TV18, Shekhar Bajaj, CMD, Bajaj Electricals, speaks about the results and gives his outlook going forward.