Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
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Bajaj Electricals is currently trading at Rs. 1151.10, up by 4.90 points or 0.43% from its previous closing of Rs. 1146.20 on the BSE.
The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1160.15 and Rs. 1128.00 respectively. So far 2637 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1165.00 and Rs. 1056.65 respectively. The current market cap of the company is Rs. 13227.30 crore.
The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 23.50% and 13.62% respectively.
Bajaj Electricals has reported results for third quarter ended December 31, 2022.
The company has reported rise of 23.12% in its net profit at Rs 63.48 crore for Q3FY23 as compared to Rs 51.56 crore for the corresponding quarter previous year. Total income of the company increased by 12.83% to Rs 1502.53 crore for the quarter under review as compared to Rs 1331.64 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 26.88% in its net profit at Rs 61.12 crore for Q3FY23 as compared to Rs 48.17 crore for the same quarter in the previous year. Total income of the company increased by 12.31% to Rs 1502.09 crore for the quarter under review as compared to Rs 1337.45 crore for the same quarter in the previous year.
