Bajaj Electricals Q4 net up 39 pc
Bajaj Electricals Ltd on Tuesday reported a 39 per cent increase in its net profit for the quarter ended March 31 at Rs 18.91 crore compared to Rs 13.58 crore in the corresponding quarter last fiscal.
By PTI |
NEW DELHI: Bajaj Electricals Ltd on Tuesday reported a 39 per cent increase in its net profit for the quarter ended March 31 at Rs 18.91 crore compared to Rs 13.58 crore in the corresponding quarter last fiscal.
The company's gross sales in the quarter grew 25 per cent at Rs 389.08 crore as against Rs 310.6 crore in the same quarter previous year, Bajaj Electricals said in a statement.
Bajaj Electricals today also declared a final dividend of 80 per cent for the fiscal year ended March 31.
"We have invested and acquired 32 per cent stake in Sterlite Lighting and this will act as a strong pivot for our ambitious growth plan in CFLs," Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said in the statement.
The company's net profit in the fiscal ended March 31, stood at Rs 38.53 crore as against Rs 28.2 crore in the previous fiscal, up 37 per cent year-on-year, while its gross sales in the fiscal grew 27 per cent to Rs 1,113 crore.
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