Bajaj Electricals posts Q3 net profit at Rs 29.31 crore

Bajaj Electricals on Wednesday reported a standalone net profit of Rs 29.31 crore for the third quarter (Q3) ended December 31, 2015-16.

The company had registered a net loss of Rs 52.26 crore in October-December period a year-ago, Bajaj Electricals said in a BSE filing.

Net sales during the quarter under review stood at Rs 1,142.49 crore, up 11.13% as against Rs 1,028.01 crore in the same quarter of last fiscal, it added.

During the third quarter (Q3) of 2015-16, Bajaj Electricals' revenue from lighting segment increased 26.29% to Rs 292.75 crore as against Rs 231.79 crore of the last fiscal.

Revenue from consumer durables segment was up 5.51% to Rs 535.16 crore as against Rs 507.19 crore in the third quarter (Q3) of 2014-15.

The engineering and projects division reported a revenue of Rs 318.57 crore during the quarter, up 9.67% from Rs 290.48 crore in the year-ago period.

At 1501 hours, the shares of Bajaj Electricals were trading up 0.76% or Rs 1.35 at Rs 179.50 per scrip intraday on the BSE.