Bajaj Electricals Q1 net down 97 pc to Rs 91 lakh
New Delhi, Aug 7 (PTI) Bajaj Electricals Ltd on Thursday reported a 97 per cent dip in consolidated net profit at Rs 91 lakh in the first quarter ended June 30, 2025, due to lower sales in the consumer products segment and ex gratia payment for its Nashik factory.
The company had posted a consolidated net profit of Rs 28.11 crore in the corresponding quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing.
Consolidated total revenue from operations in the quarter under review stood at Rs 1,064.59 crore, as compared to Rs 1,154.91 crore in the year-ago period, it added.
During the quarter, the company reported an exceptional item outgo of Rs 6.68 crore as ex gratia for the Nashik factory in Maharashtra.
Total expenses in the first quarter were lower at Rs 1,086 crore, compared to Rs 1,127.24 crore in the same period last fiscal, the company said.
The company said its revenue from the consumer products division in the first quarter was lower at Rs 807 crore, compared to Rs 905.16 crore in the same period a year ago.
On the other hand, the lighting solutions vertical clocked revenue of Rs 257.59 crore, as compared to Rs 249.75 crore in the corresponding period last fiscal, it added. PTI RKL DRR
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
August 07, 2025, 14:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
12 minutes ago
- India.com
Swiggy's Instamart beats Zepto in quick commerce, manages to race ahead on....
Swiggy Instamart vs Zepto Swiggy Instamart vs Blinkit vs Zepto: In a significant development in the quick-commerce industry which is being currently ruled by Swiggy Instamart, Blinkit and Zepto, Swiggy's quick commerce arm Instamart has witnessed a massive growth and has reclaimed the number two position from Zepto based on net merchandise value (NMV). As per a report by Moneycontrol, Zepto has fallen behind Swiggy's Instamart in terms of net merchandise value (NMV). Here are all the details you need to know about the recent development in the quick-commerce market and why it is a massive development for Swiggy. Who rules the quick commerce market? As per data release by the media report, Blinkit had an NMV of Rs 845 crore and Swiggy's Instamart and Zepto could only manage a NMV of Rs 405 crore and Rs 375 crore respectively in the week of August 4-11. For those unversed, Net Merchandise Value (NMV) is the actual value of goods sold after reducing for returns and cancellations from the total order value. Why it's big for Swiggy Instamart? Experts are praising the development for Swiggy as this is the first time in several months that Swiggy's Instamart has overtaken Zepto in market share terms, the report said. Therefore, it remains to be seen whether Zepto will be able to regain the lost spot from Swiggy Instamart or not. Why Zepto CEO accuses rival company's CFO of targeting them? In a development from May this year, Aadit Palicha, the CEO and Co-founder of quick delivery platform Zepto, had alleged that the chief financial officer (CFO) of a rival company is running a smear campaign against them over the past few days. Palicha said in a LinkedIn post that the spam campaign includes 'calling our investors to make wild allegations about us with no empirical evidence, giving out false numbers/Excel sheets on Zepto through sources known to journalists, and paying bots on social media to spread a negative narrative'. (With inputs from agencies)
Time of India
14 minutes ago
- Time of India
UPI fraud clampdown: NPCI to end P2P collect requests from October 1; Banks, apps told to block pull transactions permanently
National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) 'collect requests' on UPI from October 1, 2025, in an effort to curb financial fraud. In a circular dated July 29, NPCI said, 'It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed to be process in UPI.' "All member banks, Payment Service Providers (PSPs) and UPI apps are hereby directed to implement the necessary changes in their systems and operational processes to ensure that no P2P collect transaction is initiated, routed, or processed on UPI beyond October 1, 2025," it added, reported PTI. The move means that all banks and UPI apps — including PhonePe, Google Pay, and Paytm — will no longer be able to initiate, route, or process P2P collect transactions after the deadline. At present, the maximum amount that can be collected from another individual per transaction is Rs 2,000, with a daily cap of 50 successful transactions. "By eliminating this feature, UPI reinforces its position as a platform that is fast and easy, while also being secure and reliable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Back Pain Treatments That Might Surprise You! Back Pain Treatment | Search Ads Undo This change, removing a high-risk channel, will significantly reduce fraud. Now, all P2P transactions will be payer-initiated, requiring the user to scan a QR code," NTT DATA Payment Services India CFO Rahul Jain said. In such cases, the payer will have full control over the transactions they initiate, he noted. NPCI had capped pull transactions at Rs 2,000 in 2019, but fraud incidents continued. 'This move will act as a safeguard for users, and such frauds will now be eliminated,' it said. 'NPCI's decision to discontinue UPI 'collect' requests closes a loophole long exploited in payment scams, marking a decisive step toward a safer digital economy,' said Reeju Datta, co-founder of Cashfree Payments. He noted that championing user-initiated 'push' transactions enhances consumer control and transparency while reinforcing trust in digital payments. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
News18
22 minutes ago
- News18
Two Days After India Visit, China's Wang Yi To Attend Trilateral Conference With Afghanistan, Pakistan
Last Updated: The conference was originally scheduled to take place in Pakistan but had to be cancelled after the Afghan foreign minister did not receive clearance to travel to Islamabad Afghanistan will host the foreign ministers of China and Pakistan for a trilateral conference on August 20 in Kabul, two days after Wang Yi's scheduled visit to India to meet national security adviser Ajit Doval. China, Pakistan, and Afghanistan will take part with their top delegations for the meeting, which was originally scheduled to take place in Pakistan but had to be cancelled after the Afghan foreign minister did not receive clearance to travel to Pakistan. The three countries will discuss the expansion of the China-Pakistan Economic Corridor (CPEC) to Kabul, counterterrorism measures, and economic cooperation. Chinese Foreign Minister Wang Yi will arrive in Pakistan late on August 20 to take part in the Pak-China Strategic Dialogue in Islamabad. This will be right after his visit to New Delhi, where he is most likely to also intract with External Affairs Minister S Jaishankar. During the conference, Wang, Pakistan foreign minister Ishaq Dar and Afghan foreign minister Amir Khan Muttaqi will address trilateral issues of mutual interest, including CPEC expansion to Kabul, counterterrorism, rising militancy, and broader economic and trade matters. Wang and Doval are the designated special representatives for the boundary talks. The NSA had travelled to China in December last year and held the SR talks with Wang, weeks after Prime Minister Narendra Modi and Chinese President Xi Jinping decided to revive various dialogue mechanisms between the two sides at a meeting in the Russian city of Kazan. Modi is expected to travel to China later this month to attend the SCO summit, which will make it his first since the Galwan Valley clashes in 2020. Both sides are in the process to repair bilateral ties, with reports of resumption of border trade as well as air travel. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
