CorporateBajaj Electricals Q1 net up 64% at Rs 16 cr
A better product mix, easing of cost pressures and better procurement helped consumer electronics and lightings manufacturer, Bajaj Electricals register a consolidated net profit increase of 64 per cent per cent for the quarter ended June 30, 2009, to Rs 16.4 crore, compared with Rs 10 crore in the corresponding quarter of the previous financial year.
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The revenue for the first quarter also increased by 15 per cent to Rs 365 crore, as compared with Rs 318 crore in the corresponding quarter of the previous financial year.
Shekhar Bajaj, CMD said that, “The profitability performance in the face of fairly tough demand conditions is very heartening. I hope that the improved margins will continue in future also which will result in improved profits compared to last year.”