Bajaj Electricals Q1 FY-25 Financials: Revenue up 4%, Net Profit Down 24% YoY

September 21, 2024788 Views Bajaj Electricals, Financials, FMEG, Lighting

Bajaj Electricals Ltd. [NSE: BAJAJELEC, BOM: 500031], a Mumbai-based manufacturer of electrical consumer goods, has announced its financial results for Q1 of FY-25.

Bajaj Electricals’ Q1 FY-25 Standalone Financial Results

Bajaj Electricals reported a standalone revenue of Rs. 1,152.25 crore during Q1 of FY-25 and a corresponding net profit of Rs. 28.11 crore.

Bajaj Electricals’ Consolidated Q1 FY-25 Financials

Bajaj Electricals Revenue Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY-24

YoY Comparison of Bajaj Electicals Financial Numbers: Q1 FY-25 vs. Q1 FY-24

On Year-over-Year (YoY) basis, the company’s quarterly revenue increased by 4% to Rs. 1,152.25 crore during Q1 of FY-25 from its Rs. 1,107.98 crore top-line for Q1 of FY-24. In stark contrast, the company’s net profit slumped to Rs. 28.11 crore in Q1 of FY-25 from Bajaj Electricals’ Rs. 37.13 crore net profit for Q1 of FY-24. This reflects a significant YoY decrease of 24.29% in the company’s net profit.

Bajaj Electricals PAT Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY-24

Earnings Per Share (EPS) of the company were Rs. 2.44 during Q1 of FY-25 against Rs. 3.23 during Q1 of FY-24.

QoQ Results Analysis of Bajaj Electricals Financial Performance: Q1 FY-25 vs. Q4 FY-24

On Quarter-over-Quarter (QoQ) basis, Bajaj Electricals’ revenue dropped slightly by 2.43% from Rs. 1,180.98 crore, which was logged for Q4 of FY-24. Following suit, the company’s net profit also fell slightly by 4.09% from Rs. 29.31 crore reported by the company during Q4 of FY-24.

Bajaj Electricals’ Segment-Wise Revenue Comparison

Comparison of Bajaj Electricals’ Consumer Products Segment-Wise Financials: Q1 FY-24 vs. Q1 FY-25

Consumer Products: The company earned a revenue of Rs. 905.16 crore during Q1 of FY-25 from its Consumer Products segment. This shows a YoY growth of 3.73% from the company’s Rs. 872.60 crore Q1 FY-24 Consumer Products revenue.

During the company’s earnings call for Q1 FY-25 financials, Mr. Shekhar Bajaj, Chairman of Bajaj Electricals, said “Our Consumer Product vertical has demonstrated revenue growth after 4 quarters. We have also managed a few price hikes and streamlined some of our discounting schemes as our products gain greater acceptance with our customers”.

Comparison of Bajaj Electricals’ Lighting Products Segment-Wise Financials: Q1 FY-24 vs. Q1 FY-25

Lighting Solutions: Bajaj Electricals reported a revenue of Rs. 249.75 crore from its Lighting Solutions segment in Q1 of FY-25. This marks a 4.27% YoY jump from its Rs. 239.53 crore revenue clocked from this segment during Q1 of FY-24.

Mr. Anuj Poddar, MD & CEO of Bajaj Electricals, said “If you see our track record in Lighting Solutions, we have been growing consistently over there. The top line has been managed well despite a price erosion in the marketplace”. He further added that, at the same time, the company’s margins have been consistently expanding and crossed double-digits in the first quarter of FY-25.

Management Insights on Bajaj Electricals’ Q1 FY-25 Financial Performance

Commenting on the company’s financial performance, Mr. Bajaj said “We continue to maintain strong positive cashflows and focus on our long-term strategic objectives with a continued push on new products and brand strengthening“. He expressed that with a pickup in demand during second half of FY-25, the company would see a strong upward performance.

About Bajaj Electricals Limited: Bajaj Electricals Ltd. is a part of the Bajaj Group, and was founded in 1938 as ‘Radio Lamp Works Limited’. The company was renamed as Bajaj Electricals Ltd. in 1960. The company has 18 branch offices across India and a distribution network which is over 600 distributors strong.