Latest news with #BajajElectrical
Economic Times
5 days ago
- Business
- Economic Times
India's Bajaj Electricals Q1 Results: Profit plunges 97% YoY on weak demand, one-time charge
India's Bajaj Electricals reported a 96.8% slump in first-quarter profit on Thursday, hurt by lower demand for its home appliances and a one-off expense. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's Bajaj Electricals reported a 96.8% slump in first-quarter profit on Thursday, hurt by lower demand for its home appliances and a one-off expense The Bajaj Group company's net profit fell to 9.1 million rupees ($103,769.93) for the three months ended June 30, from 281.1 million rupees a year company incurred a one-time expense of 66.8 million rupees, related to ex gratia for the Nashik factory. Before the exceptional item, profit fell 76.7% in the sales fell 8.1% to 10.59 billion rupees. Revenue from its mainstay consumer segment, which sells products ranging from fans to induction stoves, slipped 10.8%.Bajaj Electrical's shares slipped 2.7% after the further earnings highlights, click (Full Story)Analysts said demand was weak for cooling appliances such as air coolers and fans - part of Bajaj Electricals' consumer durables segment - due to the early onset of consumer durables segment accounts for more than three-fourths of the company's total month, peer Havells India reported first-quarter profit below analysts' estimates on subdued demand and heightened (next Estimates (next 12 months) Analysts' sentiment 12 months)Revenue Profit growth Mean # of Stock to Divgrowth (%) (%) rating* analysts price yieldtarget** (%)Bajaj Electricals 34.97 15.97 10.11 45.56 Buy 12 0.83 0.49Blue Star Ltd 49.25 32.10 15.19 18.77 Hold 18 1.03 0.51Voltas Ltd 43.23 33.10 9.39 15.55 Buy 34 0.94 0.53Havells India Ltd 50.89 33.49 11.00 15.61 Buy 28 0.87 0.67* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PTAll data from LSEG$1 = 87.6940 Indian rupees
Time of India
5 days ago
- Business
- Time of India
India's Bajaj Electricals Q1 Results: Profit plunges 97% YoY on weak demand, one-time charge
India's Bajaj Electricals reported a 96.8% slump in first-quarter profit on Thursday, hurt by lower demand for its home appliances and a one-off expense . The Bajaj Group company's net profit fell to 9.1 million rupees ($103,769.93) for the three months ended June 30, from 281.1 million rupees a year ago. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The company incurred a one-time expense of 66.8 million rupees, related to ex gratia for the Nashik factory. Before the exceptional item, profit fell 76.7% in the quarter. Net sales fell 8.1% to 10.59 billion rupees. Revenue from its mainstay consumer segment, which sells products ranging from fans to induction stoves, slipped 10.8%. Bajaj Electrical's shares slipped 2.7% after the results. Live Events For further earnings highlights, click (Full Story) KEY CONTEXT Analysts said demand was weak for cooling appliances such as air coolers and fans - part of Bajaj Electricals' consumer durables segment - due to the early onset of monsoon. The consumer durables segment accounts for more than three-fourths of the company's total revenue. Last month, peer Havells India reported first-quarter profit below analysts' estimates on subdued demand and heightened competition. PEER COMPARISON Valuation (next Estimates (next 12 months) Analysts' sentiment 12 months) RIC PE EV/EBITDA Revenue Profit growth Mean # of Stock to Div growth (%) (%) rating* analysts price yield target** (%) Bajaj Electricals 34.97 15.97 10.11 45.56 Buy 12 0.83 0.49 Blue Star Ltd 49.25 32.10 15.19 18.77 Hold 18 1.03 0.51 Voltas Ltd 43.23 33.10 9.39 15.55 Buy 34 0.94 0.53 Havells India Ltd 50.89 33.49 11.00 15.61 Buy 28 0.87 0.67 * The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE All data from LSEG $1 = 87.6940 Indian rupees
