Bajaj Electricals Q1 net up 12% at Rs 22.87 cr

Bajaj Electricals today reported a 11.94 per cent increase in net profit to Rs 22.87 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 20.43 crore in the same period last fiscal, Bajaj Electricals said in a BSE filing.

Total income from operations stood at Rs 959.36 crore as against Rs 1,005.46 crore in the same quarter last fiscal, down 4.58%.

Revenue from consumer products division stood at Rs 547.78 crore during the first quarter as compared with Rs 593.04 crore in the same period a year ago.

EPC division's revenue was Rs 411.44 crore in the quarter under review as against Rs 412.30 crore in the same period last year.

Shares of Bajaj Electricals were trading 5.48% down at Rs 252.90 apiece on BSE.