Latest news with #SanjaySachdeva
Business Upturn
12-05-2025
- Business
- Business Upturn
Bajaj Electricals Q4 profit before tax jumps 191% to Rs 71 crore; consumer products EBIT surges 138%
Bajaj Electricals Ltd has posted a robust set of results for the quarter ended March 31, 2025, with profit before tax surging 191% year-on-year to ₹71 crore, supported by improved gross margins and strong performance in the Consumer Products segment. The company's revenue from operations rose to ₹1,265 crore, up 6.5% from ₹1,188 crore in Q4FY24. The Consumer Products segment delivered ₹994 crore in revenue (up 8.4% YoY) and reported an EBIT of ₹39 crore, up from ₹16 crore in the same quarter last year—marking a 138% increase. The Lighting Solutions segment remained flat with ₹271 crore in revenue, while EBIT stood at ₹21 crore, down from ₹23 crore a year earlier. However, the EBIT margin for this segment improved to 7.8%, driven by better gross margins. For the fiscal year ending March 31, 2024, the company generated positive cash flow of ₹87 crore from operations and reported cash and investments of ₹509 crore. Dividend declared at ₹3 per share In line with its Dividend Distribution Policy, the Board of Directors has recommended a dividend of ₹3.00 per equity share (150% of face value of ₹2) for the financial year ended March 31, 2025. If approved at the company's 86th Annual General Meeting (AGM), the dividend will be credited or dispatched on or before August 11, 2025. The record date for dividend eligibility is set as Friday, July 18, 2025, for shareholders holding shares in both physical and dematerialised form. Leadership update and outlook Mr. Shekhar Bajaj, Chairman of Bajaj Electricals, announced the appointment of Mr. Sanjay Sachdeva as the new Managing Director and CEO. Mr. Sachdeva, an alumnus of IIT Delhi and IIM Calcutta, joins from Unilever and brings extensive leadership experience across global markets. Commenting on the company's outlook, Mr. Bajaj said, 'We will continue our investments in our brand and products and other initiatives which will yield strong results going forward.' He also expressed optimism regarding the macroeconomic environment, noting that recent RBI rate cuts and controlled inflation could boost consumer demand in the coming quarters. News desk at
Hans India
11-05-2025
- Health
- Hans India
India's radiology sector booms with AI and remote monitoring advancements
India is witnessing a sharp surge in the adoption of diagnostic radiology devices, with cutting-edge technologies like AI and remote monitoring reshaping the landscape of medical imaging, according to a recent report by tech-enabled market intelligence firm 1Lattice. The report highlights that the country has registered over 1.48 lakh radiology devices, with Maharashtra (20,590), Tamil Nadu (15,267), and Uttar Pradesh (12,236) leading in equipment deployment. This surge reflects India's growing focus on digitisation and modernisation of healthcare services, even extending to semi-urban and rural regions. 'Radiology is evolving from being a hospital-based specialty to a cornerstone of primary and preventive care,' said Sanjay Sachdeva, Director of Healthcare and Lifesciences at 1Lattice. 'The convergence of AI, portability, and remote monitoring is unlocking access, improving accuracy, and reshaping the delivery of diagnostics across India's healthcare system,' he added. AI-powered Remote Patient Monitoring (RPM) tools are now playing a pivotal role in enhancing diagnostic efficiency. These tools enable real-time health tracking and reduce the dependency on in-person visits, improving patient convenience and expanding healthcare reach. India's radiology equipment market is set to grow robustly, projected to increase from $7.1 billion in FY2025 to $13.5 billion by FY2030 — a compound annual growth rate (CAGR) of 10 per cent. This outpaces the global radiology market, which is expected to grow from $34 billion in 2025 to $43 billion by 2030 at a 5 per cent CAGR. Key growth drivers include advancements in digital radiography and ultrasound, rising incidences of chronic diseases such as cancer and cardiovascular conditions, and government initiatives like Ayushman Bharat and the National Digital Health Mission (NDHM). However, challenges remain. High costs of advanced equipment, disparities in access between urban and rural regions, and concerns over radiation exposure continue to pose hurdles. Despite these, radiology is poised to become a cornerstone of India's tech-driven, decentralised healthcare future, delivering timely and accurate diagnoses across the population.
Hans India
09-05-2025
- Health
- Hans India
AI-led innovation driving growth in India's radiology sector: Report
India is witnessing a significant uptick in the adoption of diagnostic radiology devices, with a major rise in accelerated adoption of AI-powered technologies and remote monitoring solutions, according to a report on Friday. The report by 1Lattice, a tech-enabled market intelligence firm, also attributed the growth to rising disease burden, increased investment in healthcare infrastructure. It revealed that India has registered 1.48 lakh radiology devices, with Maharashtra (20,590), Tamil Nadu (15,267), and Uttar Pradesh (12,236) leading the charge. These figures reflect a broader trend toward modernisation and digitisation of diagnostic services, even beyond urban centres. 'Radiology is evolving from being a hospital-based specialty to a cornerstone of primary and preventive care. The convergence of AI, portability, and remote monitoring is unlocking access, improving accuracy, and reshaping the delivery of diagnostics across India's healthcare system,' said Sanjay Sachdeva, Director - Healthcare and Lifesciences, 1Lattice. Radiology's impact is further enhanced by AI-powered Remote Patient Monitoring (RPM), enabling real-time tracking and reducing the need for frequent in-person visits through remote health monitoring. Globally, the radiology equipment market is poised for strong growth. The global market is projected to rise from $34 billion in 2025 to $43 billion by 2030, reflecting a 5 per cent CAGR. On the other hand, the Indian radiology equipment market is poised to grow from $7.1 billion in FY2025 to $13.5 billion by FY2030, outpacing global growth with a 10 per cent CAGR, the report said. The growth drivers include technological advancements in digital radiography and ultrasound; a rise in chronic diseases such as cancer and cardiovascular conditions; government schemes like Ayushman Bharat and the National Digital Health Mission (NDHM). As healthcare delivery in India becomes more decentralised and tech-driven, radiology will be central to driving outcomes through timely and accurate diagnosis. However, the sector still faces challenges, including the high cost of advanced equipment, uneven access between urban and rural areas, and ongoing concerns around radiation exposure, the report said.
