Bajaj Electricals Q4 net seen down 20%, revenue may increase 10%

Bajaj Electricals' fourth quarter profit is seen falling 20 percent to Rs 37 crore but revenue may increase 10 percent to Rs 1,437 crore compared to year-ago period, according to analysts polled by CNBC-TV18.

Operating profit is likely to jump 12 percent to Rs 86 crore and margin may expand 10 basis points to 6 percent YoY.

Analysts expect strong growth in the engineering and projects (E&P) business as the company executes its strong order book and expect 25 percent YoY growth in lighting segment due to supply of LED lights under government tender.

They see 7 percent YoY growth in consumer durables on back of inventory rationalisation and 7 percent YoY growth in E&P revenues.

Lower other income may be responsible for lower growth in profit before tax while tax cost is expected to increase from 11 percent in Q4FY15 to 24 percent in Q4FY16.