Bajaj Electricals Posts Three-Fold Jump in Q1 Net

New Delhi: Bajaj Electricals on Thursday reported an over three-fold increase in net profit at Rs 20.34 crore for the quarter ended June 30, 2015.

The company had posted a net profit of Rs 5.63 crore for the corresponding period a year ago, it said in a filing to the BSE.

Net sales during the period under review stood at Rs 1,005.86 crore, up 13.95 per cent from Rs 882.71 crore a year ago, it added.

During the quarter, Bajaj Electricals' revenue from lighting segment increased 20.33 per cent to Rs 202.93 crore while revenue from consumer durables segment declined 5.70 per cent to Rs 475.81 crore.

The engineering and projects division reported a jump of 54.14 per cent in revenue to Rs 330.23 crore.

Shares in Bajaj Electricals, on Thursday, ended over 4.5 per cent at Rs 273.65 apiece on the BSE.