Mumbai, February 4, 2025 – Bajaj Electricals Limited (NSE: BAJAJELEC, BSE: 500031) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company reported a robust revenue growth driven by its Consumer Products segment.
Key Financial Highlights (Standalone)
Quarterly Performance (Q3 FY2025 vs. Q2 FY2025)
| Particulars | Q3 FY2025 (₹ Lakhs) | Q2 FY2025 (₹ Lakhs) | % Change QoQ |
|---|
| Net Sales | 1,28,631 | 1,11,462 | +15.4% |
| Total Revenue from Operations | 1,28,972 | 1,11,833 | +15.3% |
| EBITDA (excluding other income) | 8,335 | 4,848 | +72.0% |
| Net Profit | 3,336 | 1,290 | +158.7% |
| Earnings Per Share (₹) | 2.89 | 1.12 | +158.0% |
The company recorded a
15.4% QoQ growth in net sales and
158.7% increase in net profit, reflecting improved operational efficiencies and higher revenue generation.
Nine-Month Performance (April – December 2024)
| Particulars | 9M FY2025 (₹ Lakhs) | 9M FY2024 (₹ Lakhs) | % Change YoY |
|---|
| Net Sales | 3,55,318 | 3,44,137 | +3.2% |
| Total Revenue from Operations | 3,56,296 | 3,45,319 | +3.2% |
| Net Profit | 7,437 | 10,657 | -30.2% |
| Earnings Per Share (₹) | 6.45 | 9.26 | -30.3% |
While revenue growth remained positive at
3.2% YoY, net profit saw a
30.2% decline due to increased expenses and restructuring costs.
Segment-Wise Performance
Consumer Products Segment (Q3 FY2025)
- Revenue: ₹1,03,845 lakhs (YoY growth of 8.6%)
- Profit Before Tax & Finance Cost: ₹5,199 lakhs (+227.7% QoQ)
The segment, which includes
appliances, fans, and Morphy Richards, showed strong revenue and profitability growth.
Lighting Solutions Segment (Q3 FY2025)
- Revenue: ₹25,127 lakhs (YoY decline of 7.5%)
- Profit Before Tax & Finance Cost: ₹528 lakhs (-64.4% QoQ)
Lighting solutions faced pressure, primarily from reduced demand in professional lighting solutions.
Corporate Announcements
- Merger Approval: The merger of Nirlep Appliances Private Limited with Bajaj Electricals was approved by the National Company Law Tribunal (NCLT), effective from March 1, 2024.
- Demerger of EPC Business: The de-merger of the EPC business was completed, with ₹56,850 lakhs adjusted in retained earnings.
- Shareholder Approval Sought: The company has proposed minimum remuneration payment to former MD & CEO, Mr. Anuj Poddar, for FY2024-25, subject to shareholder consent.
Management Commentary
Shekhar Bajaj,
Chairman, stated:
"We are witnessing strong growth in our Consumer Products segment, and with the successful de-merger of our EPC business, we are focused on delivering sustained profitability. Our strategic product launches and operational efficiencies are paving the way for long-term growth."
Strategic Outlook
- Continued focus on Consumer Products with new product launches.
- Improved cost efficiencies expected to enhance margins.
- Lighting segment restructuring to drive future growth.
Bajaj Electricals remains confident in its strategic initiatives, aiming for
profitable growth in FY2025.
