Bajaj Electricals’ Profit Down by 97.2% in June Quarter

Mumbai, August 7, 2025 – Bajaj Electricals Limited (NSE: BAJAJELEC, BSE: 500031) posted a sharp year-on-year (YoY) decline in profitability for the quarter ended June 30, 2025, with standalone net profit plunging 97.2% to ₹1.64 crore amid a drop in revenues and exceptional charges.

Bajaj Electricals Share Price Performance

As of 2:25 PM IST, the share price of Bajaj Electricals is trading at ₹592.50, reflecting a decrease of ₹3.35 (0.56%) compared to its previous close of ₹595.85. The share opened at ₹595.00 and has an intraday band of ₹595.00 to ₹570.20, high and low. The company has a market cap of ₹6.83KCr, with a PE ratio of 51.27.

Standalone Financial Performance – Q1FY26

The business reported revenue from operations of ₹1,064.6 crore, a decline of 15.9% QoQ and 7.8% YoY, in Q1FY26. Total income was ₹1,094.9 crore, a decrease of 14.6% QoQ and 6.1% YoY. Profit before tax decreased 96.8% QoQ to ₹2.25 crore, and net profit declined 97.2% to ₹1.64 crore. Basic EPS was ₹0.14, down from ₹5.12 in Q4FY25.

Note: Exceptional items in Q1FY26 amounted to a loss of ₹6.68 crore.

Segment-Wise Performance

In Q1FY26, Consumer Products claimed to earn ₹807.0 crore of revenue, suffering a ~10% drop YoY and falling into an operating loss of ₹13.6 crore. Lighting Solutions recorded a revenue of ₹257.6 crore and a PBIT of ₹27.2 crore, maintaining profitable growth despite experiencing no overall increase in revenue. The consumer products segment of the power systems business experienced pressure due to its segmental results, while the lighting solutions segment remained stable in both revenue and earnings.

Board Meeting Highlights

Strategic Review of Nirlep Business

The company will explore options for its ‘Nirlep’ cookware and pressure cooker business, including potential sale, hive-off, or discontinuation. Two manufacturing units in Chhatrapati Sambhajinagar are part of the review.

Registered Office Relocation

The registered office will move from Veer Nariman Road to Mulla House, Mahatma Gandhi Road, Mumbai, within the same jurisdiction.

CIO Milind Korgaonkar Promoted

Mr. Milind Korgaonkar, currently Chief Information Officer, has been formally designated as Senior Management Personnel. He brings over 30 years of IT and digital transformation experience.

Strategic Commentary

Higher raw material costs and weak volume growth in the consumer segment contributed to the subdued Q1 performance. With declining profits, Bajaj Electricals appears focused on consolidating operations and exploring monetization of underperforming verticals like Nirlep.

About the Company

Bajaj Electricals Limited, part of the Bajaj Group, operates across Consumer Products (appliances, fans, and kitchen) and Lighting Solutions (consumer and professional lighting). It is listed on the NSE and BSE and also owns the premium cookware brand ‘Nirlep.’

REF:https://nsearchives.nseindia.com/corporate/BAJAJELEC_07082025130902_SignedSEIntimationOutcomeoftheBM.pdf

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