Bajaj Electricals’ consumer durables business is seeing continued pressure from slowing consumption, market share loss to competitors and implementation of its own 'theory of constraints' (ToC) strategy, under which it is reducing inventory levels
Star India’s sports broadcast arm Star Sports has signed up a slew of brands as partners for the broadcast of the BWF Badminton World Championships, where India’s ace shuttlers are vying with other top players from around the globe for the
Bajaj Electricals' net rose to Rs 20.3 crore in Q1 ended June 30 against Rs 5.6 crore, an increase of 262.5%. Company's net income surged by 13.7% to Rs 1,009.1 crore against Rs 887.6 crore in the corresponding previous quarter.
A similar event has occurred in November, which has seen the stock plunge over 28% -- on Tuesday it was down 6.55% to Rs 203.35. Since July, the company's consensus earnings estimates for FY15 have been cut by a huge 50% to Rs 9.1 per share since July.
Bajaj Electricals (BEL) stock has under-performed the S&P BSE Sensex since July this year and corrected over 20% in the past one month. The company's consensus earnings estimates for FY15 have been cut by 50% to Rs 9.1 per share since 1st July.
Bajaj Electricals has tanked 12% to Rs 243 on BSE after reporting a net loss of Rs 14 crore for the second quarter ended September 2014 (Q2), due to poor performance from the lighting and consumer durables divisions.
Bajaj Electricals today reported over 8-fold increase in net profit at Rs 5.63 crore for the quarter ended June 30 on good performance of engineering and projects division and higher sales, particularly in the consumer durables segment.
Bajaj Electricals has dipped nearly 8% to Rs 308, falling 11% from intra-day high on BSE, after reporting a lower-than-expected net profit of Rs 6 crore for the quarter ended June 2014 (Q1), mainly due to poor performance by the consumer durables segment
In its 75th year in 2014, Bajaj Electricals is targeting a sales turnover of over Rs 5,000 crore in 2014-15. This financial year, ending March, 2014, it is working to touch Rs 4,200-4,300 crore revenues.
Bajaj Electricals Limited (BEL), a consumer electrical equipment manufacturing company of the Rs 38,000-crore Bajaj Group, is putting up its second water heater plant at Nashik with an estimated investment of Rs 25 crore, said executive director PS