Bajaj Electricals Q2 FY-25 Financials: Revenue Flat, PAT Down 60% YoY

Bajaj Electricals Ltd. [NSE: BAJAJELEC, BOM: 500031], a Mumbai-based manufacturer of electrical consumer goods, has announced its financials for Q2 of FY-25.

Bajaj Electricals’ Q2 FY-25 Standalone Financial Results

During Q2 of FY-25, Bajaj Electricals reported a standalone revenue of Rs. 1,118.33 crore and a Profit After Tax (PAT) of Rs. 12.90 crore.

Bajaj Electricals’ Consolidated Q2 FY-25 Results Comparison

YoY Analysis of Bajaj Electricals’ Financial Numbers: Q2 FY-25 vs. Q2 FY-24

Bajaj Electricals’ top line grew slightly by 0.50% YoY to Rs. 1,118.33 crore during Q2 of FY-25 from Rs. 1,112.82 crore during Q2 of FY-24. The company’s PAT fell by 59.28% YoY to Rs. 12.90 crore in Q2 of FY-25 from Rs. 31.68 crore during Q2 of FY-24.

Further, the company’s Earning Per Share (EPS) also slipped to Rs. 1.12 during Q2 of FY-25 from Rs. 2.37 in Q2 of FY-24.

QoQ Analysis of Bajaj Electricals’ Financial Performance: Q2 FY-25 vs. Q1 FY-25

On Quarter-over-Quarter (QoQ) basis, the company’s revenue fell by 3.17% from Rs. 1,154.91 crore earned during Q1 of FY-25. Bajaj Electricals Q2 PAT was also down by 54.11% from Rs. 28.11 crore PAT reported for Q1 of FY-25.

Bajaj Electricals’ Q2 FY-25 Segment-Wise Revenue Comparison

Consumer Products: Bajaj Electricals earned revenue of Rs. 868.27 crore during Q2 of FY-25 against Rs. 857.57 crore revenue reported for Q2 of FY-24, reflecting a marginal increase of 1.25% in the company’s segmental revenue.

Lighting Solutions: Bajaj Electricals earned a revenue of Rs. 250.06 crore from its Lighting Solutions segment during Q2 of FY-25, representing a YoY decrease of 2.03% from Rs. 255.25 crore logged from this segment for Q2 of FY-24.

During the company’s earnings call for its Q2 FY-25 financials, Mr. E.C Prasad, CFO of Bajaj Electricals, said that that the company’s order book for its professional lighting business stood at Rs. 243 crore.

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.