Bajaj Electricals has announced its Q2 FY25 financial results, showing a slight increase in revenue but a significant decline in net profit on a year-over-year (YoY) basis.
Financial Highlights
- Revenue: Bajaj Electricals reported a revenue from operations of ₹1,118.33 crore for Q2 FY25, marking a 0.5% increase from ₹1,112.82 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue decreased by 2.9% from ₹1,151.49 crore in Q1 FY25.
- Profit Before Tax (PBT): The company recorded a PBT of ₹45.15 crore in Q2 FY25, showing a decrease of 70.8% YoY from ₹151.5 crore in the same period last year. PBT also dropped by 72.4% compared to ₹162.87 crore in the previous quarter (Q1 FY25).
- Net Profit: Net profit for Q2 FY25 was ₹12.9 crore, down 58.7% YoY from ₹31.68 crore in Q2 FY24. On a QoQ basis, net profit fell by 54.1% from ₹28.11 crore.
The year-over-year decline in net profit despite stable revenue suggests that Bajaj Electricals may be facing higher operating costs or other financial challenges affecting profitability.
Summary
While Bajaj Electricals has maintained stable revenue, the sharp drop in profitability has led to a cautious outlook. The company will likely focus on cost-control measures and efficiency improvements to regain profitability momentum in the coming quarters.
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Bajaj Electricals