Bajaj Electricals Reports Mixed Financial Results for Q1 FY25, Operating Profit Shows Improvement

Bajaj Electricals, a leading player in the consumer durables industry, recently announced its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financials, Bajaj Electricals has seen a negative performance in the quarter, with a score of -13, which has improved from -20 in the last three months. However, there are some positive aspects to the company’s financials.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 75.41 crore. The near-term trend for operating profit is also positive. On the other hand, the profit after tax (PAT) for the quarter has fallen by 24.9% year on year, at Rs 28.11 crore. The near-term trend for PAT is very negative.

The company’s interest cost has increased by 43.06% over the preceding nine months period, standing at Rs 53.69 crore. This signifies increased borrowings for the company. Additionally, the operating cash flow for the year has been the lowest in the last three years, at Rs 353.79 crore, and has fallen each year. This indicates a decline in the company’s cash revenues from business operations.

The profit before tax less other income (PBT) for the quarter has also fallen by 17.43% year on year, at Rs 27.67 crore. The near-term trend for PBT is also very negative. These financials suggest that Bajaj Electricals has faced some challenges in the quarter, but the company is working towards improving its performance.