Bajaj Electricals reports tepid results for Q1FY19
The revenue for the quarter declined by 29 per cent YoY to Rs.1135 crore in Q1FY19 as against Rs.1597 crore in previous year corresponding quarter. This was largely due to sharp decline in both of its core segments of consumer products and EPC segments.
The EBITDA for the quarter declined by 41 per cent YoY to Rs.74 crore in Q1FY19 vs Rs.125 crore in the previous year corresponding quarter. The EBITDA margin for the quarter declined by 130 bps to 6.6 per cent vs 7.8 per cent in previous year.
The net profit for the quarter rose substantially due to low base in the previous year corresponding quarter. The net profit for the quarter stood as Rs.41 crore in Q1FY19 vs Rs.7 crore in previous year corresponding quarter.
The stock closed flat at Rs. 623.