Bajaj Electricals today reported a 20.36 per cent decline in its net profit for the quarter ended September 30 to Rs 23.24 crore.
The company had posted a net profit of Rs 29.18 crore in the corresponding period last year, Bajaj Electricals said in a filing to the Bombay Stock Exchange (BSE).
The total income during the second quarter, however, increased by 16.22 per cent to Rs 587.78 crore from Rs 505.74 crore in the year-ago period, it added.
The shares of the company fell 7.75 per cent in late- afternoon and were trading at Rs 289.35 on the BSE.