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.
Total income is expected to increase 17.7 percent to Rs 1,216 crore during October-December quarter from Rs 1,033 crore in same quarter last fiscal. Operating profit may fall 18.5 percent Y-o-Y to Rs 47 crore and margin may decline 170 basis points to 3.9 percent in December quarter.
Expectations-Revenue growth may largely be led by an over 50 percent Y-o-Y increase in E&P revenues as the company executed its bulging order book (driven by 112 percent Y-o-Y increase in opening order book).-Margin may be under pressure due to contraction of EBIT margins in the lighting and consumer business by 220 bps and 260 bps on a Y-o-Y basis.-Losses in the E&P business may be closely watched.
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