Bajaj Electricals Limited Reports Earnings Results for the Full Year Ended March 31, 2021
May 25, 2021 at 09:25 am
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Bajaj Electricals Limited announced earnings results for the full year ended March 31, 2021. For the full year, the company announced total revenue was INR 46,538.1 million compared to INR 50,333.8 million a year ago. Net income was INR 1,905.5 million compared to net loss of INR 92.7 million a year ago. Basic earnings per share from continuing operations was INR 16.54 compared to basic loss per share from continuing operations of INR 0.99 a year ago. Diluted earnings per share from continuing operations was INR 16.49 compared to diluted loss per share from continuing operations of INR 0.99 a year ago.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.