Bajaj Electricals Ltd announced its financial results for the quarter and the year ended March 31, 2011 on May 23, 2011.
The company posted a rise in net profit by 53.39% to Rs 57.46 crore for the fourth quarter, FY"11 against Rs 37.46 crore in the corresponding quarter.
The net sales increased to Rs. 979.38 crore compared to Rs 783.98 crore in the corresponding quarter registering a rise of 25%. On the same lines, the total expenditure witnessed an upward trend rising 26.82% to Rs 881.28 crore against Rs 694.93 crore in the same quarter last fiscal. The company"s operating profit inclined 10.10% to Rs 98.31 crore compared to the same quarter last fiscal.
For the quarter under review, the interest burden was 6.52 crore compared to 5.51 crore whereas the tax expenses fell by 12.2% to Rs 30.56 crore. During the quarter, lighting segment grew by 10%, consumer durables by 29% and engineering & projects by 30%.
For the year ended March 31, 2011.....
The company reported net profit of Rs 143.79 crore for the year 2010-11, 22.8% up compared to Rs 117.09 crore in the previous financial year.
The company witnessed a rise in net sales in the year 2010-11 by 23% to Rs 2739.43 crore against Rs 2227.16 crore in 2009-10. The total expenditure grew to Rs 2493.55 crore against Rs 1995.15 crore in the last fiscal. The company"s operating profit increased by 5.88% to Rs 247.20 crore against Rs 233.48 in the last fiscal.
For the year under review, the interest charges declined by 7.6% to Rs 29.08 crore and the tax expenses decreased by 1.8% to Rs 73.99 crore compared to the previous financial year. During the year, lighting segment grew by 18%, consumer durables by 34% and engineering & projects by 13%. The Board recommended a dividend of Rs 2.80 per equity share (140%) for the year 2010-11.