Electrical equipments manufacturer Bajaj Electricals is expected to turn profitable in July-September quarter on strong operational performance. Profit is expected to be at Rs 25 crore against loss of Rs 14 crore in same quarter last fiscal. Earnings will be announced on November 5.
Revenue may increase 9 percent to Rs 1,120 crore in quarter ended September 2015 compared to Rs 1,029 crore in year-ago period.
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.
Lighting segment may register 10 percent year-on-year growth due to improved LED sales but its margin might be under pressure due to execution of LED in government project. Growth in the appliances segments is expected to be muted.
Sales from consumer durables is expected to grow albeit at a slower pace of around 5 percent year-on-year due to a partial shift in demand on a delayed festive season.
Analysts expect growth in E&P business on faster execution.
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