Bajaj Electricals' Q2 FY 2025-26 Quarterly Results

Result Summary

• Bajaj Electricals Ltd reported a 1.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.6%.
• Its expenses for the quarter were up by 0.8% QoQ and down 2.2% YoY.
• The net profit increased 983.5% QoQ and decreased 23.6% YoY.
• The earnings per share (EPS) of Bajaj Electricals Ltd stood at 0.85 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Bajaj Electricals Ltd is a diversified Indian company involved in various sectors, primarily focused on consumer products, engineering, and projects. It is renowned for its extensive range of electrical products including lighting, luminaries, appliances, fans, and engineering projects. The company operates within the competitive consumer electronics and electrical equipment industry. Bajaj Electricals has established itself as a household name in the Indian market, known for its innovation and quality. As of the latest available information, no recent major developments have been disclosed for the company. Due to the absence of specific data, further insights into the company's recent strategic initiatives or market expansions are not available at this time.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Bajaj Electricals Ltd reported total income of ₹1114.96 crores, reflecting a quarter-over-quarter increase of 1.8% from ₹1094.93 crores in Q1FY26. However, there was a year-over-year decline of 1.6% compared to ₹1133.52 crores in Q2FY25. This shows a slight decline in annual revenue performance. The total income metric is crucial as it directly affects the company's ability to generate profits and sustain operations. Despite the slight year-over-year decrease, the quarterly growth indicates a positive movement in revenue generation within a three-month period.

Profitability

The profitability metrics for Bajaj Electricals Ltd in Q2FY26 show a significant change compared to previous periods. Profit Before Tax (PBT) was reported at ₹20.27 crores, marking a substantial increase of 800.9% from ₹2.25 crores in Q1FY26, and a 37.7% rise from ₹14.72 crores in Q2FY25. The Tax expense also saw a notable increase, amounting to ₹5.64 crores, up 824.6% from ₹0.61 crores in the previous quarter, and up 209.9% from ₹1.82 crores a year prior. Consequently, Profit After Tax (PAT) was ₹9.86 crores, showing an impressive quarter-over-quarter growth of 983.5% from ₹0.91 crores in Q1FY26, though it represents a year-over-year decrease of 23.6% from ₹12.90 crores in Q2FY25. Earnings Per Share (EPS) was ₹0.85, increasing 962.5% from ₹0.08 in the preceding quarter, but decreasing 24.1% compared to ₹1.12 in the same quarter of the previous year.

Operating Metrics

In examining the operating metrics, total expenses for Bajaj Electricals Ltd amounted to ₹1094.69 crores in Q2FY26, a marginal increase of 0.8% from ₹1086.00 crores in Q1FY26, and a decrease of 2.2% from ₹1118.80 crores in Q2FY25. This indicates a controlled cost structure over the year, with slight quarterly growth. The company's ability to manage expenses is crucial for maintaining profitability and operational efficiency. The increase in total expenses quarter-over-quarter, albeit small, needs to be continuously monitored to ensure it aligns with revenue growth and does not adversely impact profit margins. The significant rise in profitability measures despite the slight increase in expenses indicates other factors contributing to improved operational efficiency.