Bajaj Electricals announced a sharp drop in standalone net profit for the quarter ended December 2016. During the quarter, the profit of the company declined 17.47% to Rs 297.10 million from Rs 360.00 million in the same quarter last year.
Revenues for the quarter declined 7.05% to Rs 10,550.90 million, compared with Rs 11,351.70 million for the prior year period.
Operating margin for the quarter was stable at 0.00 percent when compared to previous year period. Operating profit was unchanged at Rs 0.00 million for the quarter, compared with the previous year period.
Earnings per share for the quarter stood at Rs 2.97, registering 16.57% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 10,550.90 | 11,351.70 | (7.05) |
| Net Profit | 297.10 | 360.00 | (17.47) |
| Diluted EPS | 2.97 | 3.56 | (16.57) |
Shares of the company gained Rs 11.45, or 4.59%, to trade at Rs 261.00. The total volume of shares traded was 137,099 at the BSE (3.11 p.m., Thursday).
