Bajaj Electricals net rises over three-fold at Rs 20.34 crore

Bajaj Electricals today reported over three-fold increase in net profit at Rs 20.34 crore for the quarter ended June 30.

The company had posted a net profit of Rs 5.63 crore in the same quarter of the previous fiscal, Bajaj Electricals said in a BSE filing.

Net sales during the period under review stood at Rs 1,005.86 crore, up 13.95 per cent as against Rs 882.71 crore in the same quarter of the last fiscal, it added.

During the quarter, Bajaj Electricals' revenue from lighting segment increased by 20.33 per cent to Rs 202.93 crore, while revenue from consumer durables segment declined by 5.70 per cent to Rs 475.81 crore.

The engineering and projects division reported a revenue of Rs 330.23 crore during the quarter, a jump of 54.14 per cent.

Shares of Bajaj Electricals were trading 4.90 per cent up at Rs 274 apiece on BSE.