12-05-2025
Indian appliances maker Bajaj Electricals' profit doubles on one-time gain, strong demand
May 12 (Reuters) - India's Bajaj Electricals ( opens new tab reported a 101.5% jump in fourth-quarter profit on Monday, helped by a one-time income and strong demand for its home appliances, which range from air coolers to LED lights.
The company's consolidated net profit rose to 590.5 million rupees ($6.95 million) in the quarter ended March 31, from 293.1 million rupees a year ago.
Its bottom-line was also boosted by a 213.7 million rupees one-off gain, which includes the proceeds from liquidation of some properties.
Its revenue from operations increased 6.5% to 12.65 billion rupees.
Shares of Bajaj Electricals surged 13.9% after posting results and approving a 5 billion rupees fund raise.
The fourth quarter was strong for consumer durables makers, driven by an early summer in India and demand for products like air coolers, refrigerators, and fans, analysts said.
Peers Havells India ( opens new tab and Orient Electric ( opens new tab both posted upbeat results, buoyed by strong demand for cooling appliances.
PEER COMPARISON
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JAN-MAR STOCK PERFORMANCE
-- All data from LSEG
($1 = 84.9050 Indian rupees)
