Bajaj Electricals Posts Strong Q3 Results
Bajaj Electricals Ltd has declared its results for the nine months and quarter ended 31st December, 2020. Consumer Products (CP) Revenues up 34%, CP EBIT up by 115% Profit Before Tax increased from Rs. 15 Cr. to Rs. 134 Cr.
Mr. Shekhar Bajaj, Chairman and Managing Director of Bajaj Electricals Limited, said “I am very pleased with our extremely strong performance in this quarter. The Consumer Products business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices and has delivered its highest ever quarterly EBIT of Rs. 142 Cr. Our EPC segment has reduced its loss, while continuing to focus on execution and working capital. Further, we have maintained our strong focus on cash flows from operations in this quarter too, generating a healthy Rs. 142 Cr., thereby further reducing our debt significantly. Our excellent performance in this quarter is testimony to the focused strategy and executional excellence demonstrated by our team.”
For more info read the press release.