Bajaj Electricals Q3 profit jumps 72%

Net sales increased to Rs 1,032 crore in the quarter under review

Bajaj Electricals reported a 71.48% rise in its net profit at Rs 20.03 crore for the third quarter ended December 31, 2013.

The company had reported a net profit of Rs 11.68 crore in the same period of 2012-13, Bajaj Electricals said in a filing to the BSE today.

Net sales increased to Rs 1,032.42 crore in the quarter under review as against Rs 872.12 crore in the same period last year.

Revenues from the lighting segment stood at Rs 247.19 crore against Rs 221.57 crore, while revenues from the consumer durables segment increased to Rs 519.19 crore from Rs 504.63 crore.

Revenues from the engineering projects segment stood at Rs 266.67 crore during the third quarter against Rs 146.88 crore in the same period a year ago.

Shares of Bajaj Electricals were trading at Rs 221.20 per scrip during the afternoon trade on the BSE, up 5.64% from the previous close.