InvestorQ : What is your quick view on the quarterly results of Bajaj Electricals for Q4FY22?
Rutuja Nigam made post

What is your quick view on the quarterly results of Bajaj Electricals for Q4FY22?

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9 months ago
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For the March 2022 quarter, Bajaj Electricals revenues increased by 6.03% at Rs1,334.32 crore. FY22 full year revenues of the company were up 3.98% at Rs4,728 crore. Its predominant vertical of fast moving electrical goods (FMEG) grew revenues by 6.46% to Rs1,038 crore while the smaller EPC business grew revenues by just about 4.95% to Rs297 crore. Lower inventory lock-ins allowed net cash for FY22 surge 39% to Rs914 crore.

Bajaj Electricals

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 1,334.32

₹ 1,258.47

6.03%

₹ 1,319.81

1.10%

Net Profit (Rs cr)

₹ 39.35

₹ 54.60

-27.93%

₹ 48.21

-18.38%

Diluted EPS (Rs)

₹ 3.36

₹ 4.72

₹ 4.18

Net Margins

2.95%

4.34%

3.65%

  

Let me now turn to the profit story of Bajaj Electricals. Net profits were lower by -27.9% for the fourth quarter at Rs39.35 crore. This was largely driven by a sharp fall in the EBIT of the FMEG division by -24.5% to Rs63.83 crore. On the other hand, the EPC division turned around from losses to profits, but was too small to make a material difference. Net margins were 2.95% in Q4FY22 quarter compared to 4.34% in Q4FY21 and 3.65% in Q3FY22. Dividend of Rs3 per share has been declared by the board, subject to shareholder approval.

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